Mastercard $MA reported second-quarter results on Thursday that topped analyst expectations, with revenue climbing 14% to $9.28 billion. Analysts had forecast revenue of $9.08 billion, according to The Wall Street Journal.
The credit-card company posted $9.28 billion in revenue and per-share profit of $4.97 in the second quarter
Cheng Xin / Getty Images
Mastercard $MA reported second-quarter results on Thursday that topped analyst expectations, with revenue climbing 14% to $9.28 billion. Analysts had forecast revenue of $9.08 billion, according to The Wall Street Journal.
Net income for the quarter was $4.39 billion, or $4.97 per share, compared with $3.70 billion, or $4.07 per share, in the year-ago period. On an adjusted basis, Mastercard earned $5.04 per share. Analysts had anticipated adjusted earnings of $4.77 per share, according to the Journal.
Mastercard attributed the sales gain to expansion across its payment network and value-added services. Within the payment network segment, revenue climbed 10%, with gains in gross dollar volumes and cross-border activity providing the lift.
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