Mastercard Incorporated Q2 Profit Increases, Beats Estimates

(RTTNews) - Mastercard Incorporated (MA) released a profit for its second quarter that Increased from last year and beat the Street estimates.

The company's earnings totaled $3.701 billion, or $4.07 per share. This compares with $3.258 billion, or $3.50 per share, last year.

Excluding items, Mastercard Incorporated reported adjusted earnings of $3.769 billion or $4.15 per share for the period.

Analysts on average had expected the company to earn $4.02 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 16.8% to $8.133 billion from $6.961 billion last year.

Mastercard Incorporated earnings at a glance (GAAP) :

-Earnings: $3.701 Bln. vs. $3.258 Bln. last year. -EPS: $4.07 vs. $3.50 last year. -Revenue: $8.133 Bln vs. $6.961 Bln last year.