MasterCard's gross dollar volume - the total value of
transactions made by customers - rose to $1.16 trillion on a
local currency basis.
Cross-border volumes - the value of transactions made by card
holders outside the card-issuer's country - jumped 16 percent.
The company's net income fell to $977 million, or 86 cents per
share, in the third quarter ended Sept. 30, from $1.02 billion,
or 87 cents per share, a year earlier.
Net revenue rose 1.6 percent to $2.53 billion.
Excluding items, the company earned 91 cents per share, beating
the average analyst estimate of 87 cents per share, according to
Thomson Reuters I/B/E/S.
Up to Wednesday's close, the stock had gained about 16 percent
this year, underperforming rival Visa Inc's <V.N> 20 percent
increase.
(Reporting By Sudarshan Varadhan in Bengaluru; Editing by
Saumyadeb Chakrabarty)
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