Mastercard shares fall despite beating first-quarter earnings and revenue estimates
Updated
Updated · Barron's · Apr 30
Mastercard shares fall despite beating first-quarter earnings and revenue estimates
10 articles · Updated · Barron's · Apr 30
The stock slipped 2.1% in premarket trading after adjusted earnings rose to $4.60 a share on $8.4bn revenue, topping FactSet forecasts of $4.41 and $8.26bn.
Operating expenses increased 13% year on year, including a $202m pretax restructuring charge, while investors appeared to have already priced in a strong quarter.
Mastercard shares had been down 3.9% this year before Thursday, after gaining 3.5% on Wednesday following rival Visa's earnings beat; Visa shares edged 0.2% lower on Thursday.
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