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.
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