4/30, 2:20 PM (Source: TeleTrader)
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Mastercard says revenue jumped 9% to $3.9B in Q1

American multinational financial services company Mastercard Incorporated said its revenue in the first quarter of 2019 jumped 9% year over year to $3.9 billion, topping expectations. In the update published on Tuesday, the company reported diluted earnings per share soared 28% to $1.80 this quarter compared to the same period a year earlier.

"We’re off to a very good start this year with strong revenue and earnings growth," Chief Executive Officer Ajay Banga said. "We continue to make significant progress, developing innovative new products with partners like Apple and Goldman Sachs, expanding the geographic footprint of our real-time payment solutions, and announcing several acquisitions to advance our cross-border payments, safety and security, and merchant engagement strategies," he added.

Mastercard shares gained 0.76% to trade at $249 in pre-market trade following the report.

Breaking the News / JC