Despite a macro-backdrop that has been marked by headwinds (depending on where you look), MasterCard managed to beat expectations on Thursday (April 28) morning on transaction growth that could be summed up as robust.
The payments firm said that transactions were up 14 percent in the quarter, and revenues, as a result, were 9.7 percent higher year over year, to $2.45 billion, edging the $2.38 billion that was expected by The Street.
Despite rebates, the firm managed to beat The Street with a net income report of $0.86 a share, better than consensus by a penny.