NEW YORK (TheStreet) -- Shares of MasterCard (MA) - Get Report are increasing 1.92% to $95.55 in pre-market trading this morning after the company posted better-than-expected second quarter results before today's market open.
MasterCard reported earnings of 96 cents per share, surpassing analysts projections of 90 cents per share. Revenue rose 13% year-over-year to $2.7 billion, exceeding analysts expectations of $2.59 billion.
For the 2015 second quarter, the company reported adjusted earnings of 85 cents per share on revenue of $2.4 billion.
Last week, MasterCard announced it would purchase U.K.-based VocaLink, a payment processing and clearing company, for $920 million.
"With last week's VocaLink announcement, we will expand our capabilities beyond card-based solutions into a broader set of transactions and payments," said MasterCard CEO Ajay Banga in a statement.
The acquisition marks the company's first combination of traditional person-to-merchant cards business with a clearing business.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate MASTERCARD INC as a Buy with a ratings score of A-. 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, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
You can view the full analysis from the report here: MA