MasterCard: Q3 earnings snapshot

PURCHASE, N.Y. — MasterCard Inc. today reported third-quarter earnings of $2.41 billion.

The company said it had net income of $2.44 per share. Earnings, adjusted for non-recurring gains, came to $2.37 per share.

The results beat Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $2.18 per share.

The processor of debit and credit card payments posted revenue of $4.99 billion in the period, also exceeding Street forecasts. Twelve analysts surveyed by Zacks expected $4.96 billion.