BUZZ - Mastercard's third-quarter profit exceeds expectations, stock price rises

October 29 - ** The payment service provider Mastercard (MA.N) saw its share price rise 3.2% in pre-market trading to $630

** According to data compiled by the London Stock Exchange Group (LSEG), Mastercard's net profit per share for the third quarter was $5.28, higher than analysts' expectations of $4.34 per share

** The report showed third-quarter revenue reached $9.8 billion, surpassing analysts' expectations of $9.7 billion

** Shares of peers Visa (V.N) and American Express (AXP.N) rose 1.9% and 1.5%, respectively

** Both companies reported better-than-expected quarterly results earlier this month

** Of 44 brokerage firms, 41 rated the stock as “Buy” or higher, while 3 gave a “Hold” rating; the median target price is $670

** As of the close of the previous trading day, the stock had risen 6.9% for the year

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