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Mastercard Earnings, Revenue Beat in Q3 -Breaking

by Mike Robinson

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© Reuters. The Revenue Beat of Mastercard in Q3: Earnings from Mastercard

Investing.com – Mastercard (NYSE 🙂 announced Thursday that the third quarter beat analyst forecasts with revenue surpassing expectations.

Mastercard reported earnings per share at $2.37, on $4.99B in revenue. Investing.com polled analyst to predict EPS of $2.18 based on $4.95B in revenue.

Mastercard shares have fallen 5% since the start of the year. However, they are still 16.38% below its 52-week high of $401.50 on April 28. They are under-performing the S&P 500 which is up 21.18% from the start of the year.

Mastercard shares increased by 2.18% after the report was published.

This month, Mastercard is following other financial sector major earnings

Mastercard follows JPMorgan’s earnings beat on October 13. JPMorgan reported an EPS report of $3.74 for revenue $30.44B. Forecasts had EPS of 3 on revenue $29.79B. Mastercard’s report is a follow-up to JPMorgan’s earnings beat of October 13.

UnitedHealth beat all expectations with a third quarter earnings per share of $4.52 on $72.34B in revenue, as compared to a forecast of EPS at $4.42 for $71.38B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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