Categories AlphaGraphs, Earnings, Finance
MA Earnings: Mastercard Q2 revenue and adj. profit beat estimates
Credit card company Mastercard Incorporated (NYSE: MA) reported higher revenues and adjusted earnings for the second quarter of 2024. The results also topped expectations.
Net revenue increased 11% year-over-year to $7.0 billion in the June quarter and exceeded estimates. Currency-neutral revenue growth was 13% during the three months.
The top-line growth translated into a 24% increase in adjusted earnings to $3.59 per share in Q2 from $2.89 per share in the prior year period. Analysts were looking for a slower growth. Unadjusted profit was $3.3 billion or $3.50 per share, compared to $2.8 billion or $3.0 per share in the second quarter of 2023.
“We delivered another strong quarter across all aspects of our business with double-digit net revenue and earnings growth,” said Michael Miebach, Mastercard’s CEO.
Prior Performance
Most Popular
GIS Earnings: All you need to know about General Mills’ Q1 2025 earnings results
General Mills, Inc. (NYSE: GIS) reported its first quarter 2025 earnings results today. Net sales decreased 1% year-over-year to $4.8 billion. Organic sales were down 1%. Net earnings attributable to
Guardian Pharmacy seeks to raise up to $108 mil in US IPO
Joining the wave of healthcare IPOs this year, amid Fed rate cut expectations, Guardian Pharmacy Services, Inc. is preparing to go public. In a statement filed with the Securities and
Earnings Preview: Will Micron (MU) maintain recovery momentum in Q4?
After recovering from a rough patch, Micron Technology Inc. (NASDAQ: MU) is preparing to report fourth-quarter results next week, even as the market keeps a close watch on the event