Revenue rose to $12.78 billion from $13.01 billion, compared with the FactSet consensus of $13.09 billion. Pfizer Inc. PFE, -0.50% reported a first-quarter profit beat and revenue miss early Tuesday. Adjusted earnings-per-share were 69 cents, compared with the FactSet consensus of 67 cents. Earnings for the latest quarter rose to $3.12 billion, or 51 cents per share, from $3.04 billion, or 49 cents per share, in the year-earlier period. Pfizer said its latest results were affected by one less U.S. selling day and two fewer international selling days, compared to the year-earlier period.
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Net revenue also increased due to a rise in card transaction volume from cardholders traveling abroad, for which Mastercard derives larger fees. While revenue rose, so, too, did expenses; at $1.2 billion they were up 12% from the year-earlier period. Analysts expected $2.65 billion in revenue and $0.95 in earnings per share. The card network also reported an increase in expenses as it continues to invest in digital payment technology and security features to bring down fraud in the card space. Net revenue increased in part because of a rise in the dollar amount of transactions processed over Mastercard's network.
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collected by :Jack Luxor
referring to
Net revenue also increased due to a rise in card transaction volume from cardholders traveling abroad, for which Mastercard derives larger fees. While revenue rose, so, too, did expenses; at $1.2 billion they were up 12% from the year-earlier period. Analysts expected $2.65 billion in revenue and $0.95 in earnings per share. The card network also reported an increase in expenses as it continues to invest in digital payment technology and security features to bring down fraud in the card space. Net revenue increased in part because of a rise in the dollar amount of transactions processed over Mastercard's network.
read more visit us profit
collected by :Jack Luxor
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