Mastercard Inc (MA) shares edged higher and hovered near a 52-week high on Wednesday as investors awaited the payments firm’s earnings report on Thursday. According to FinChat data, Wall Street expects Mastercard to report fourth-quarter (Q4) earnings per share of $3.
Shares of Mastercard were rising after the credit-card company easily beat Wall Street’s quarterly estimates for earnings and revenue. Mastercard stock gained 4.9% to $575.90 in Thursday trading, on track for its largest daily percentage increase since November 2022,
Mastercard (MA – Research Report), the Financial sector company, was revisited by a Wall Street analyst today. Analyst Bryan Bergin from TD
Mastercard reported a fourth-quarter profit that beat Wall Street estimates as a resilient economy encouraged consumers to ramp up spending during the holiday season, sending the payments processor's shares up 3.
Shares of Mastercard tested all-time highs after the credit-card company handily beat Wall Street targets for fourth-quarter earnings and revenue. Rival Visa rose slightly after it said revenue climbed 10% to $9.51 billion in the fiscal first quarter, reflecting strong holiday-season spending.
CEO Michael Miebach says the card network's business in areas such as debit cards will enable it to compete if the mega merger results in the loss of Capital One's debit business.
The credit-card company posted better-than-expected adjusted earnings and revenue, fueled by a rise in cross-border transactions. Shares rose 4% Thursday morning. ↗️ [IBM (IBM)](
Mastercard (MA) hailed its push to diversify beyond its traditional payments network as it reported quarterly earnings that beat expectations,
The card brand also touted its payments partnership with the social media platform X as evidence of strength in its partnership strategy.
On a per-share basis, the Purchase, New York-based company said it had net income of $3.64. Earnings, adjusted for non-recurring costs, came to $3.82 per share. The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $3.68 per share.
Wall Street analysts forecast that MasterCard (MA) will report quarterly earnings of $3.68 per share in its upcoming release, pointing to a year-over-year increase of 15.7%. It is anticipated that revenues will amount to $7.
Among the highlights from Mastercard’s report were a pickup in U.S. volumes and an encouraging outlook for the year.