MasterCard says its profit rose 17 per cent in the first quarter, as consumers across the globe spent more on their MasterCards. The payment processor reported net income of US$1.02 billion (A$1.27 billion), up from US$870 million a year earlier. On a per share basis, MasterCard earned 89 cents versus 73 cents a year earlier. Net revenue was US$2.23 billion. MasterCard’s profits beat expectations but the company’s revenue fell slightly short. Analysts surveyed by FactSet were looking
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