MasterCard’s profit slightly exceeds expectations

News About Credit Card Company MasterCard

News About Credit Card Company MasterCardMasterCard, the second largest operator in the world payments, reported quarterly profit slightly above expectations, with customers spending more using their cards. However, the company’s net profit fell 6% on the jump in operating costs. Net income MasterCard fell to 959 million, or $ 0.86 per share in the first quarter from 1.02 billion, or $ 0.89 per share, a year earlier.

Analysts on average expected profit of $ 0.85 per share, according to Thomson Reuters I / B / E / S. The gross volume – the total value of transactions made by customers – rose 13% to 1.1 trillion dollars based on local currency. The interfronteira -transações volumes made by owners outside the country of issuing cards – jumped 12%…

MasterCard’s profit slightly exceeds expectations

Access more information on the Mastercard website. Total operating costs rose to 1.1 billion dollars, compared to 879 million. Net revenue rose 9.7% to 2.45 billion dollars. The biggest rival Visa cut its revenue forecast and earnings for the full year last week, citing not see improvement in spending abroad. Acquisitions had a diluted impact of $ 0.03 in earnings per share, he said. Analysts had expected, on average, earnings of $ 0.79 per share, according to Thomson Reuters I / B / E / S. Net revenue rose 4% to $ 2.52 billion. The gross dollar volume of MasterCard – the total amount of transactions made by their customers – rose 12% to $ 1.2 trillion based on the local currency.

Gross dollar volume moved MasterCard – the total value of transactions made by their customers – rose to US $ 1.16 trillion, based on local currencies. Foreign volumes – the total value of transactions made outside the countries in which the cards were issued – jumped 16%.

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