Mastercard Cuts Forecast, Network Spending Misses Estimates [BNN Bloomberg (Canada)]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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US:NYSE Investor Relations:
investor.mastercard.com/investor-relations/default.aspx
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Source: BNN Bloomberg
Growth in net revenue is now expected to be at the low end of low double digits for all of 2024, compared with previous guidance for growth at the high end of low double digits, the Purchase, New York-based company said in a presentation Wednesday. Total network spending volume of $2.29 trillion for the first quarter was up 8.6% from a year earlier but missed estimates of $2.32 trillion. Still, adjusted earnings for the first three months of the year totaled $3.31 a share, beating the $3.23 average of estimates in a Bloomberg survey. “Our momentum continued this quarter, as we delivered strong revenue and earnings growth powered by healthy consumer spending, strong cross-border volume growth of 18% year-over-year and new deal wins in every region,” Mastercard Chief Executive Officer Michael Miebach said in a statement Wednesday. Shares of the Purchase, New York-based company had climbed 5.8% this year through Tuesday. They were down 3.6% at 8:18 a.m. in early New York trading.
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MA
Earnings
- 5/1/24 - Beat
MA
Sec Filings
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- 5/14/24 - Form 4
- MA's page on the SEC website