PURCHASE, N.Y. — MasterCard Inc. today reported second-quarter earnings of $2.28 billion.
On a per-share basis, the company said it had profit of $2.34. Earnings, adjusted for non-recurring costs, came to $2.56 per share.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.36 per share.
The processor of debit and credit card payments posted revenue of $5.5 billion in the period, also exceeding Street forecasts. Thirteen analysts surveyed by Zacks expected $5.27 billion.