US Stock Market Move | Q3 results beat expectations, Mastercard (MA.US) rises over 4% to a record high.

On Thursday, Mastercard (MA.US) opened higher and climbed, rising over 4% as of press time to a record high, with gains of nearly 16% since October. On the news front, Mastercard's third-quarter results showed net revenue of US$9.807 billion, up 14% year-over-year; net income of US$4.628 billion, up 18% year-over-year; and diluted earnings per share of US$5.28. Adjusted net income was US$4.7 billion, up 17% year-over-year; adjusted diluted earnings per share were US$5.31, up 21% year-over-year. In the third quarter, Mastercard's cross-border volume on a local currency basis rose 11% year-over-year, gross payment volume grew 7% to US$3 trillion, and processed transactions increased 9%. Net revenue from value-added services and solutions rose 19% year-over-year. The company repurchased 5.3 million shares in the quarter for US$3 billion and paid dividends of US$763 million.