MasterCard: Q2 Earnings Snapshot

PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — MasterCard Inc. (MA) on Thursday reported second-quarter profit of $4.39 billion.

On a per-share basis, the Purchase, New York-based company said it had net income of $4.97. Earnings, adjusted for non-recurring costs and investment costs, came to $5.04 per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $4.77 per share.

The processor of debit and credit card payments posted revenue of $9.28 billion in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $9.06 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MA at https://www.zacks.com/ap/MA