Credit and debit card issuer MasterCard Inc's (NYSE:MA) quarterly profit fell 1.1 percent, hurt by higher expenses.
Continue Reading Below
The company's operating expenses rose 15.6 percent to $1.14 billion in the second quarter ended June 30.
Net income fell to $921 million, or 81 cents per share, from $931 million, or 80 cents per share, a year earlier.
Net revenue rose 0.9 percent to $2.39 billion.
(Reporting by Sudarshan Varadhan in Bengaluru; Editing by Kirti Pandey)