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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| MasterCard Incorporated | NYSE:MA | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 2.48 | 0.56% | 443.58 | 445.26 | 436.90 | 444.85 | 3,711,007 | 01:00:00 |
From May 2019 to May 2024
By Allison Prang
Mastercard Inc.'s profit rose 11% from the comparable quarter a year earlier, driven by an increase in revenue.
The credit-card company's profit came in at $2.11 billion, while earnings were $2.07 a share, up from $1.82 a share.
Net revenue was $4.47 billion, up 15%. Adjusted earnings were $2.15 a share. Both beat estimates from analysts polled by FactSet.
The value of its card transactions, or gross dollar volume, increased 12% to $1.65 trillion.
Shares of Mastercard rose 1.1% premarket.
During the third quarter, Mastercard said it was in a $3.19 billion deal -- what it said is its biggest yet -- to buy the majority of the corporate services businesses of Nets A/S, a Danish payment services company. The assets Mastercard is buying include account-to-account payments infrastructure.
Mastercard also reported $100 million in net losses on equity investments. Income tax expense also rose to $426 million, up 17%.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 29, 2019 09:10 ET (13:10 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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