NEW YORK (TheStreet) -- Mastercard
(MA) stock is gaining on Thursday after the credit services company recorded first-quarter profits and revenue higher than analysts expected.
By midmorning, shares were up 2.8% to $75.63.
The company earned an adjusted 73 cents a share in the three months to March, a penny higher than analysts expected. Revenue of $2.17 billion beat expectations of $2.14 billion.
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TheStreet Ratings team rates MASTERCARD INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MASTERCARD INC (MA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."
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