PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — MasterCard Inc. (MA) on Thursday reported second-quarter earnings of $2.85 billion.
The Purchase, New York-based company said it had profit of $3 per share. Earnings, adjusted for non-recurring gains, were $2.89 per share.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.84 per share.
The processor of debit and credit card payments posted revenue of $6.27 billion in the period, also surpassing Street forecasts. Twelve analysts surveyed by Zacks expected $6.17 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MA at https://www.zacks.com/ap/MA
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