PURCHASE, N.Y. — MasterCard Inc. (MA) on Tuesday reported third-quarter earnings of $1.43 billion.
On a per-share basis, the Purchase, New York-based company said it had net income of $1.34.
The results surpassed Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.
The processor of debit and credit card payments posted revenue of $3.4 billion in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $3.29 billion.
MasterCard shares have risen 44 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen 15 percent. The stock has increased 39 percent in the last 12 months.