Mastercard posted higher earnings and revenue for the third quarter as spending across the company's network climbed.
The credit card company reported third-quarter profit of $3.20 billion, or $3.39 a share, up from $2.50 billion, or $2.58 a share, in the same period last year. Analysts surveyed by FactSet had expected earnings of $3.21 a share.Gross dollar volume on the Mastercard network grew 11% during the quarter, lifted by cross-border spending.
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