Mastercard Profit Beats Estimates on Strong Consumer Spending
Mastercard said steady consumer demand and stronger cross-border activity lifted revenue 14%, while adjusted earnings of $5.04 a share beat estimates.
8 Articles
8 Articles
Mastercard profit beats estimates on strong consumer spending
Mastercard reported better-than-expected second-quarter profits on Thursday. Strong transaction volumes and resilient consumer spending supported the company's financial performance. Gross dollar volume rose eight percent, and net revenue increased fourteen percent.
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Mastercard stock rises after Q2 results beat estimates, lifts revenue outlook
Mastercard stock MA gained after reporting stronger-than-expected second-quarter results on Thursday, with higher revenue, earnings and payment volumes driven by continued strength in its payment network and value-added services business.The payments giant posted adjusted earnings of $5.04 per share, beating analysts' consensus estimate of $4.77. Revenue increased 14% year over year to $9.28 billion, ahead of Wall Street expectations of $9.08 bi…
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