Mastercard Inc (MA) Reports Q3 2023 Earnings: Net Income of $3.2 Billion
Net Revenue Increases by 14% to $6.5 Billion
Source: yahoo.com
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Net Revenue Increases by 14% to $6.5 Billion
Mastercard shares fell nearly 2% after the company forecast percentage growth in fourth-quarter net revenue at the low end of low double digits
Mastercard sees cross-border volume increase by 21%.
Mastercard’s operating expenses ticked up about 2% to $2.7 billion from a year earlier
Mastercard Inc. third-quarter results came in ahead of expectations, with the payments processor reporting a second consecutive quarter of profit growth on continued strong consumer spending trends