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Investors Like Mastercard Q3 Results

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Mastercard Inc. (NYSE: MA) delivered better than expected earnings and revenue for the third quarter.

  • Reports EPS of $1.08, beats by $0.10.
  • Generates $2.9 billion revenues, $0.15 billion higher than estimates.
  • Gross dollar volume grew 7 percent or 11 percent on an adjusted basis to reflect regulatory changes in the EU.
  • Purchase volume increased 5 percent or 9 percent on an adjusted basis.
  • Repurchased 6 million shares for about $591 million in the third quarter.

President and CEO Ajay Banga commented, "Our business continues to perform well, and we are pleased with our strong growth in revenue and earnings per share this quarter. We are executing on our strategy, deepening issuer relationships and delivering our customers and partners digital-first solutions. As a result, consumers benefit from seamless and secure purchase experiences everywhere and every way they shop.

At last check, the stock added 1.94 percent to $105.61 in the pre-market session.

Posted-In: Earnings News Guidance

 

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