01.05.2024 14:07:59 - dpa-AFX: Mastercard Incorporated Q1 Profit Increases, beats estimates
HARRISON (dpa-AFX) - Mastercard Incorporated (MA) announced a profit for its
first quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $3.01 billion, or $3.22 per share. This
compares with $2.36 billion, or $2.47 per share, in last year's first quarter.
Excluding items, Mastercard Incorporated reported adjusted earnings of $3.09
billion or $3.31 per share for the period.
Analysts on average had expected the company to earn $3.24 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 10.4% to $6.35 billion from $5.75
billion last year.
Mastercard Incorporated earnings at a glance (GAAP) :
-Earnings (Q1): $3.01 Bln. vs. $2.36 Bln. last year.
-EPS (Q1): $3.22 vs. $2.47 last year.
-Revenue (Q1): $6.35 Bln vs. $5.75 Bln last year.
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