Here's what helped Mastercard beat profit estimates
Mastercard(MA) Finbold·2024-11-01 21:21
Mastercard Incorporated (NYSE: MA) surpassed Wall Street’s expectations for the third quarter, driven by robust consumer spending and strategic growth in value-added services.Despite ongoing economic uncertainties, Mastercard displayed strong performance, reporting an adjusted earnings per share (EPS) of $3.89, exceeding the consensus estimate of $3.74. This performance led to an initial 3% increase in Mastercard’s stock price, reaching an all-time high before retreating slightly amid regulatory scrutiny ov ...