HARRISON (dpa-AFX) - Mastercard Incorporated (MA) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $3.280 billion, or $3.59 per share. This compares with $3.011 billion, or $3.22 per share, last year.
Excluding items, Mastercard Incorporated reported adjusted earnings of $3.406 billion or $3.73 per share for the period.
Analysts on average had expected the company to earn $3.56 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 14.2% to $7.250 billion from $6.348 billion last year.
Mastercard Incorporated earnings at a glance (GAAP) :
-Earnings: $3.280 Bln. vs. $3.011 Bln. last year. -EPS: $3.59 vs. $3.22 last year. -Revenue: $7.250 Bln vs. $6.348 Bln last year.
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