MasterCard Profit Tops Estimates as Customers Spend More
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MasterCard Inc., the second-largest U.S. payments network, posted third-quarter profit that beat analysts’ estimates as customer spending climbed.
Net income increased 15 percent to $1.02 billion, or 87 cents a share, from $879 million, or 73 cents, a year earlier, the Purchase, New York-based company said today in a statement. The average estimate of 33 analysts surveyed by Bloomberg was 78 cents.