Mastercard's quarterly profit rises 21%

Oct 31 (Reuters) - Mastercard Inc. (NYSE:MA), the world's second-biggest payments network, reported a 21 percent rise in quarterly profit on Tuesday as consumers spent more globally and it fought for market share over other payment channels.

Net income rose to $1.43 billion or $1.34 per share in the third quarter ended Sept 30, from $1.18 billion or $1.08 per share. http://mstr.cd/2gYxlhy

Analysts on average were looking for $1.23 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the numbers were comparable.

More on this...

Under Armour slashes 2017 forecast, stock implodes

Pfizer's quarterly profit more than doubles

BP beats Q3 expectations, announces share buyback programme

Net revenue rose 18 percent to $3.40 billion.

Mastercard's bigger rival Visa Inc posted a rise in quarterly profit that beat estimates, fuelled by higher spending.

(Reporting By Aparajita Saxena in Bengaluru; Editing by Bernard Orr)