Mastercard Analysts Increase Their Forecasts Following Upbeat Results
Mastercard(MA) Benzinga·2024-08-02 01:38
Mastercard Inc MA reported better-than-expected second-quarter financial results on Wednesday.Mastercard reported fiscal second-quarter net revenues of $7.0 billion, up 10% year over year and 13% year over year on a neutral currency basis, beating the analyst consensus estimate of $6.85 billion. Adjusted EPS rose 24% year over year to $3.59, exceeding the analyst consensus estimate of $3.51.CEO Michael Miebach said, “This was supported by continued healthy consumer spending, robust cross-border volume growt ...