Wednesday, May 2, 2018

Mastercard Q1 Profit Up 38%; Results Beat View

Payment card processor Mastercard Inc. on Wednesday reported a 38 percent increase in profit for the first quarter from last year on strong revenue growth that reflected increases in switched transactions and gross dollar volume. Both revenue and adjusted earnings per share for the quarter beat analysts' estimates. Mastercard's shares are rising more than 4 percent in pre-market activity.

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