Double-digit sales growth for MasterCard

• MasterCard (NYSE:MA) reports gross dollar volume rose 13% in Q1 to $1.1T (local currency). The number of processed transactions was 14% higher to 12.6B.
• Operating income was flat during the quarter (+4% currency-neutral). Operating margin rate was reported at 55.1%.
• The company ended the quarter with 2.3B MasterCard and Maestro-branded cards issued.
• Previously: MasterCard beats by $0.01, beats on revenue (April 28)
• MA +0.42% premarket to $98.74.