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MasterCard profit beats expectations as purchase volumes rise

MasterCard profit beats expectations as purchase volumes rise

28 April 2016 16:35 (UTC +04:00)

Baku – APA-Economics. MasterCard Inc (MA.N), operator of the world's second-largest payments network, reported a slightly better-than-expected quarterly profit as customers spent more using its cards, Reuters reported.

However, the company's net income fell 6 percent as operating costs jumped by a quarter.

MasterCard's net income fell to $959 million, or 86 cents per share, in the first quarter ended March 31, from $1.02 billion, or 89 cents per share, a year earlier.

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