Mastercard scores a profit beat but its stock falls as spending growth slows
Mastercard's earnings come after rival Visa beat with its own results last week but spooked Wall Street a bit by showing a spending slowdown.
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Mastercard's earnings come after rival Visa beat with its own results last week but spooked Wall Street a bit by showing a spending slowdown.
Mastercard reported strong Q4 2023 results, with revenues of $6.55B and EPS of $3.18, beating expectations. Net revenue and EPS expected to grow in low double-digits in Q1.
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Mastercard's fourth quarter earnings got a boost from robust consumer spending.
Quarterly earnings from card issuer Mastercard beat estimates, but the total number and value of payment transactions slipped.