MasterCard beats by $0.09, misses on revs -- co will update guidance on the call at 9:00 (90.23)
4/29/2015, 8:03:01 AM ET
Reports Q1 (Mar) earnings of $0.89 per share, $0.09 better than the Capital IQ Consensus of $0.80; revenues rose 2.7% year/year to $2.23 bln vs the $2.28 bln consensus.
- An increase in cross-border volumes of 19%;
- A 12% increase in gross dollar volume, on a local currency basis, to $1.1 trillion; and
- An increase in processed transactions of 12%, to 11.0 billion.
- These factors were partially offset by an increase in rebates and incentives, primarily due to new and renewed agreements and increased volumes.
- Worldwide purchase volume during the quarter was up 12% on a local currency basis versus the first quarter of 2014, to $783 billion