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MasterCard's quarterly profit falls as costs rise


    (Reuters) - Credit and debit card issuer MasterCard Inc's quarterly profit fell 1.1 percent, hurt by higher expenses.

    The company's operating expenses rose 15.6 percent to $1.14 billion in the second quarter ended June 30.

    Net income fell to $921 million, or 81 cents per share, from $931 million, or 80 cents per share, a year earlier.

    Net revenue rose 0.9 percent to $2.39 billion.

    (Reporting by Sudarshan Varadhan in Bengaluru; Editing by Kirti Pandey)