MasterCard (MA) Crushes Q2 EPS Views on Stronger Transaction Volume (V) (DFS)

July 31, 2013 8:01 AM EDT
(Updated - July 31, 2013 8:21 AM EDT)

MasterCard, Inc. (NYSE: MA) reported Q1 EPS of $6.96, $0.67 better than the analyst estimate of $6.29. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2 billion.

In the same period last year, revs were $1.8 billion with EPS of $5.65.

MasterCard said that worldwide purchase volume during the quarter grew 12 percent on a local currency basis versus the second quarter of 2012, to $734 billion.

Cross-border volume rose 17 percent while gross dollar volume improved 13 percent.

In addition to solid business performance, I am also pleased to report that our financial inclusion initiatives are having a meaningful impact, commented CEO Ajay Banga. This year alone, we have launched nine programs in tandem with government entities and other partners in emerging markets which are designed to bring much needed financial access, convenience and security to more than 350 million people globally who previously would not have had access to financial products.

Along with MasterCard being up in early trading Wednesday, peers Visa (NYSE: V), Capital One (NYSE: COF), and Discover (NYSE: DFS) are also indicated for a higher open.

For earnings history and earnings-related data on Mastercard, Inc. (MA) click here.

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