NEW YORK (TheStreet) -- Shares of MasterCard Inc are soaring 6.9% to $81.23 in late morning trading after the global payment company released better than expected third quarter earnings of 87 cents per diluted share, a 19% increase from a year ago, andahigher than the consensus estimate of 78 cents per share. Revenue for the quarter was up 13% year over year to $2.5 billion, also higher thanathe consensus estimate of $2.45 billion. "Within the past two months alone, we opened our new technology hub in New York City, delivered our technology and security protocols as part of the launch of Apple Pay and partnered with the Transport for London to deliver contactless payments system-wide," said president and CEO Ajay Banga in a statement this morning.a Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Separately, TheStreet Ratings team rates MASTERCARD INC as a Buy with a ratings score of A+.a You can view the full analysis from the report here: MA Ratings Report MA data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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