PURCHASE, N.Y. (AP) _ MasterCard Inc. (MA) on Tuesday reported second-quarter profit of $2.05 billion.
The Purchase, New York-based company said it had profit of $2 per share. Earnings, adjusted for non-recurring gains, were $1.89 per share.
The results beat Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share.
The processor of debit and credit card payments posted revenue of $4.11 billion in the period, which also beat Street forecasts. Twelve analysts surveyed by Zacks expected $4.09 billion.
MasterCard shares have risen 49% since the beginning of the year, while the Standard & Poor's 500 index has increased 21%. The stock has climbed 39% in the last 12 months.