PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — MasterCard Inc. (MA) on Thursday reported third-quarter earnings of $3.26 billion.
On a per-share basis, the Purchase, New York-based company said it had net income of $3.53. Earnings, adjusted for restructuring costs and non-recurring costs, were $3.89 per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $3.73 per share.
The processor of debit and credit card payments posted revenue of $7.37 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $7.25 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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