MasterCard (MA): Q1 EPS of $5.36 beats by $0.09. Revenue of $1.75B (+17% Y/Y) beats by $300M.
MasterCard (MA) Q1: Net income +21% to $682M as processed transactions rise 29% to $7.7B, the "highest quarterly growth rate since" MasterCard's IPO in 2006. Lucrative cross-border volumes +18%, indicating that foreign-travel spending is holding steady. Operating costs +14% to $758M. Shares -1.3%
MasterCard (MA) Q1: Net income +21% to $682M as processed transactions rise 29% to $7.7B, the "highest quarterly growth rate since" MasterCard's IPO in 2006. Lucrative cross-border volumes +18%, indicating that foreign-travel spending is holding steady. Operating costs +14% to $758M. Shares -1.3%
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