Mastercard Incorporated Q3 Profit Increases, beats estimates

(RTTNews) - Mastercard Incorporated (MA) announced earnings for its third quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $2.50 billion, or $2.58 per share. This compares with $2.41 billion, or $2.44 per share, in last year's third quarter.

Excluding items, Mastercard Incorporated reported adjusted earnings of $2.60 billion or $2.68 per share for the period.

Analysts on average had expected the company to earn $2.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.4% to $5.76 billion from $4.99 billion last year.

Mastercard Incorporated earnings at a glance (GAAP) :

-Earnings (Q3): $2.50 Bln. vs. $2.41 Bln. last year. -EPS (Q3): $2.58 vs. $2.44 last year. -Analyst Estimate: $2.56 -Revenue (Q3): $5.76 Bln vs. $4.99 Bln last year.