Shares of MasterCard (MA) rose 1.7% in Wednesday's trading session. The global payment and technology company connecting consumers, merchants and financial institutions announced a solid set of third quarter results.
Third Quarter Results
MasterCard reported third quarter revenues of $1.92 billion, up 5.5% on the year. In constant currencies, revenues rose some 10%. Growth was driven by 14% increase in gross dollar volume to $918 billion, in local currencies. The number of transactions rose 24% to 8.7 billion. Revenues fell slightly short of analysts expectations of $1.94 billion.
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