Mastercard Incorporated Q1 Profit Increases, beats estimates

Mastercard Incorporated (MA) announced earnings for its first quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $2.6 billion, or $2.68 per share. This compares with $1.8 billion, or $1.83 per share, in last year's first quarter.

Excluding items, Mastercard Incorporated reported adjusted earnings of $2.7 million or $2.76 per share for the period.

Analysts on average had expected the company to earn $2.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 23.8% to $5.2 billion from $4.2 billion last year.

Mastercard Incorporated earnings at a glance (GAAP) :

-Earnings (Q1): $2.6 Bln. vs. $1.8 Bln. last year.
-EPS (Q1): $2.68 vs. $1.83 last year.
-Analyst Estimate: $2.17
-Revenue (Q1): $5.2 Bln vs. $4.2 Bln last year.

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