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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 | |
|---|---|---|---|---|---|---|---|---|
| 1.87 | 0.41% | 459.87 | 464.93 | 459.29 | 459.29 | 1,225,618 | 18:43:10 |
From May 2019 to May 2024
By Allison Prang
Mastercard Inc.'s (MA) profit increased from the comparable quarter a year ago, driven by an increase in the company's revenue.
Profit at the credit-card company rose 11% from a year earlier to $2.11 billion. Earnings were $2.07 a share, up from $1.82 a share.
Adjusted earnings were $2.15 a share, up from $1.78 a share. Analysts polled by FactSet were expecting $2.01 a share.
Net revenue was $4.47 billion, up 15%. Analysts were expecting $4.43 billion.
The company reported $100 million in net losses on equity investments. Income tax expense also rose to $426 million, up 17%.
The value of its card transactions, or gross dollar volume, increased 12% to $1.65 trillion.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 29, 2019 08:35 ET (12:35 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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