Mastercard Incorporated (NYSE:MA) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition
earnings release announcing financial results for its
first>quarter 2017.
99.1. All information in the press release is furnished but not
filed.
financial measures total adjusted operating expenses, adjusted
net income and adjusted diluted earnings per share (as well as
related applicable growth rates versus the comparable period in
the prior year), adjusted operating margin and adjusted effective
tax rate that each exclude the impact of a proposed settlement
for Canadian merchant litigations (the Canadian Merchant
Litigation Provision).
because its management monitors material litigation judgments and
settlements separately from ongoing operations and evaluates
ongoing performance without these amounts. Mastercards management
believes that the non-GAAP financial measures presented
facilitate an understanding of Mastercards operating performance
and meaningful comparison of its results between periods.
rates on a currency-neutral basis, which is a non-GAAP financial
measure. Currency-neutral growth rates are calculated by
remeasuring the prior periods results using the current periods
exchange rates for both the translational and transactional
impacts on our operating results. The impact of foreign currency
translation represents the effect of translating operating
results where the functional currency is different than our U.S.
dollar reporting currency. The impact of the transactional
foreign currency represents the effect of converting revenue and
expenses occurring in a currency other than the functional
currency. Mastercards management believes the presentation of
certain currency-neutral growth rates provides relevant
information.
other things, evaluate its ongoing operations in relation to
historical results, for internal planning and forecasting
purposes and in the calculation of performance-based
compensation. The attached press release includes reconciliations
of the requisite non-GAAP financial measures to the most directly
comparable GAAP financial measures. The presentation of non-GAAP
financial measures should not be considered in isolation or as a
substitute for Mastercards related financial results prepared in
accordance with GAAP.
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Exhibit Number
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Exhibit Description
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99.1
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Earnings Release issued by Mastercard Incorporated,
dated May 2, 2017 |
About Mastercard Incorporated (NYSE:MA)
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus. Its offerings include loyalty and reward programs, information services and consulting. It provides a range of products and solutions that support payment products that customers can offer to their cardholders. The Company’s services facilitate transactions on the MasterCard Network among cardholders, merchants, financial institutions and governments. The Company’s programs include consumer credit, commercial, and debit and prepaid. The Company’s offerings and platforms include premium, travel, purchasing and fleet cards and programs. Mastercard Incorporated (NYSE:MA) Recent Trading Information
Mastercard Incorporated (NYSE:MA) closed its last trading session up +0.05 at 116.37 with 3,556,561 shares trading hands.
