Mastercard sees ‘resilient consumer spending’ boost earnings, revenue

Mastercard Inc. topped profit and revenue expectations for its latest quarter, calling out “resilient consumer spending.”

The company posted first-quarter net income of $2.36 billion, or $2.47 a share, compared with $2.63 billion, or $2.68 a share, a year before.

After adjusting for gains and losses on equity investments, among other factors,…