Shares of Mastercard Inc. rose more than 2% in premarket trade on Tuesday after the credit and debit card company reported earnings for the third quarter that were above Wall Street expectations. Mastercard reported net income of $1.4 billion, or $1.34 per share, up from $1.2 billion, or $1.08 per share during the same period a year ago. FactSet’s earnings consensus was for $1.23 per share. Revenue was $3.4 billion, compared with $2.9 billion a year ago, and above the FactSet consensus of $3.3 billion. Mastercard said that as of Sept. 30, its customers had issued 2.4 billion Mastercard and Maestro-branded cards. The company also bought back about 6.4 million shares for $838 million during the quarter. Shares of Mastercard have gained more than 44% in the year to date, while the S&P 500 index is up 15% and the Dow Jones Industrial Average is up more than 18%.
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