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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