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Purchase, N.Y. • MasterCard Inc. reported first-quarter earnings Thursday of $959 million, or 86 cents per share, beating Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The processor of debit and credit card payments posted revenue of $2.45 billion in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $2.38 billion.
MasterCard shares have climbed 1 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 2.5 percent. The stock has climbed roughly 10 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MA at http://www.zacks.com/ap/MA