UPDATE: MasterCard Posts Higher Q2 Profit

UPDATE: MasterCard Posts Higher Q2 Profit

MasterCard (NASDAQ: MA) reported a better-than-expected second-quarter profit.

MasterCard’s quarterly profit surged to $ 848 million, or $ 6.96 per share, from $ 700 million, or $ 5.55 per share, in the year-ago period.

Its revenue climbed 15% to $ 2.1 billion from $ 1.82 billion. However, analysts were projecting earnings of $ 6.30 per share on revenue of $ 1.90 billion.

MasterCard shares gained 2.92% to $ 619.00 in pre-market trading.

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