Thursday, April 28, 2016

MasterCard Q1 Profit Declines, But Results Beat Estimates

Payment card processor Mastercard, Inc. reported a 6 percent decline in profit for the first quarter from last year, as strong revenue growth was more than offset by higher expenses and the non-recurrence of a discrete tax credit that occurred last year. However, both revenue and earnings per share for the quarter beat analysts' estimates.

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