MasterCard Inc., the second-largest U.S. payments network, reported profit that beat analysts’ estimates as card spending increased.

First-quarter net income fell 6 percent to $959 million, or 86 cents a share, from $1.02 billion, or 89 cents, a year earlier, the Purchase, New York-based company said Thursday in a statement. The average estimate of 32 analysts surveyed by Bloomberg was for profit of 85 cents a share, after the company signaled earlier this year that costs would climb.

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