Mastercard Stock Falls 1.8% Despite Convincing Q1 Beats

Mastercard (NYSE: MA) released its first-quarter results Thursday. The familiar payment card company's net revenue was $4.16 billion, 4% higher than the same period a year ago. That was backed by gross dollar volume that rose 8%, and purchase volume that edged into the double digits with a 10% rise.

Mastercard's adjusted net income, however, went in the opposite direction. It sank by 6% to $1.7 billion, or $1.74 per share.

 

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Source Fool.com