MasterCard (MA) Tops Q3 EPS by 10c, Revenues Beat

MasterCard (NYSE: MA) reported Q3 EPS of $1.78, $0.10 better than the analyst estimate of $1.68. Revenue for the quarter came rose 15% to $3.9 billion versus the consensus estimate of $3.86 billion. Third-quarter gross dollar volume up 13% and purchase volume up 15%.

"We had another very strong quarter, delivering solid top- and bottom-line growth ," said AjayBanga, Mastercard president and CEO. "Our business wins and new partnerships, strengthened by our differentiated services offerings, are helping drive our global momentum. We are continuing to invest for the long term with a focus on secure and convenient solutions that will help us grow our core business and address new payment flows."

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