Mastercard Inc (NYSE: MA ) stock was on a wild ride today following the release of its earnings report for the third quarter of 2017.
Mastercard Inc's earnings report for the third quarter of the year includes revenue of $3.40 billion. This is an increase over its revenue of $2.88 billion reported in the third quarter of 2017. It also comes in above Wall Street's revenue estimate of $3.28 billion for the quarter.
Earnings per share reported by Mastercard Inc in the third quarter of 2017 was $1.34. This is up from its earnings per share of $1.08 from the same time last year. It also beat out analysts' earnings per share estimate of $1.23 for the quarter.
Mastercard Inc's operating income in the third quarter of the year was $1.94 billion . The credit and debit card company reported operating income of $1.67 billion during the same period of the year prior.
Net income reported by Mastercard Inc in the third quarter of 2017 was $1.43 billion. This is better than the net income of $1.18 billion that was reported in the same quarter of the previous year.
Mastercard Inc also notes that it saw its operating expenses increase by 20% during its third quarter of 2018. The company says that 8% of this increase is due to acquisitions, with most of it being from Vocalink. However, it says that the rest of the increase is the result of "continued investments in strategic initiatives."
MA stock was up roughly 1% early Tuesday morning, but then was down about 1% at about 11:00 a.m. Eastern Time. MA stock has mostly recovered to its closing price from Monday as of Tuesday afternoon.
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As of this writing, William White did not hold a position in any of the aforementioned securities.
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