Mastercard Profit Beats as Easing Pandemic Curbs Lift Cross-Border Spending

Mastercard Profit Beats as Easing Pandemic Curbs Lift Cross-Border Spending
A 3D printed Mastercard logo is seen in front of displayed stock graph in this illustration taken on Sept. 20, 2021. Dado Ruvic/Illustration/Reuters
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Mastercard Inc. reported better-than-expected profit for the fourth consecutive quarter on Thursday, as easing of pandemic-era restrictions drove a healthy recovery in cross-border spending and lifted domestic spending.

Shares were up nearly 3 percent at $345 in premarket trading.