Mastercard's Profit Increases 11% as Revenue Rises 15%
October 29 2019 - 08:50AM
Dow Jones News
By Allison Prang
Mastercard Inc.'s (MA) profit increased from the comparable
quarter a year ago, driven by an increase in the company's
revenue.
Profit at the credit-card company rose 11% from a year earlier
to $2.11 billion. Earnings were $2.07 a share, up from $1.82 a
share.
Adjusted earnings were $2.15 a share, up from $1.78 a share.
Analysts polled by FactSet were expecting $2.01 a share.
Net revenue was $4.47 billion, up 15%. Analysts were expecting
$4.43 billion.
The company reported $100 million in net losses on equity
investments. Income tax expense also rose to $426 million, up
17%.
The value of its card transactions, or gross dollar volume,
increased 12% to $1.65 trillion.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 29, 2019 08:35 ET (12:35 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
MasterCard (NYSE:MA)
Historical Stock Chart
From Feb 2024 to Mar 2024
MasterCard (NYSE:MA)
Historical Stock Chart
From Mar 2023 to Mar 2024