Categories AlphaGraphs, Earnings, Finance
After Visa, Mastercard also surpasses quarterly earnings estimates
After Visa (V) topped Q1 2019 results on Wednesday, Mastercard (MA) also surpassed its fourth quarter 2018 bottom line estimates today. Mastercard reported Q4 earnings of $1.55 per share on revenue of $3.81 billion. Analysts had predicted Mastercard to earn $1.53 per share on revenue of $3.81 billion. Shares of Mastercard were up about 4% during the extended hours of trading on Thursday.
Gross dollar volume (GDV) rose 14% year-over-year to $1.55 trillion compared to $1.42 trillion in the fourth quarter of 2017. Purchase volume grew to $1.15 trillion from $1.03 trillion in the year-ago quarter. Switched transactions surged 17% on an adjusted basis to 20,124 million. Mastercard had issued 2,518 million Mastercard and Maestro-branded cards, representing an adjusted growth of 7%.
“We had a very strong end to the year, bringing 2018 to a record close, driven by broad-based growth across each of our regions,” said CEO Ajay Banga.
Related: Visa (V) Q1 2019 earnings conference call transcript
Last week, Mastercard was fined $648 million by European Union, which accused that Mastercard artificially hiked the cost of doing credit card transactions in Europe.
On Thursday, Visa reported better-than-expected quarterly results. However, Visa cautioned about the recent slowdown in the cross-border growth and said that Q2 revenue growth is likely to be at least a point lower than the previous outlook. Visa stock was down about 2% during Thursday’s morning trading session.
Mastercard stock has gained 10% in the last 30 days and 3% in the past three months period.
Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!
Most Popular
LUV Earnings: Key numbers from Southwest Airlines Q1 2021 financial results
Southwest Airlines Co. (NYSE: LUV) today reported its first quarter financial results for the period ended March 31, 2021. First quarter GAAP net income was $116 million, or $0.19 per
Infographic: American Airlines (AAL) posts Q1 2021 earnings today
Aviation company American Airlines Group Inc. (NASDAQ: AAL) reported its first-quarter 2021 earnings before regular market hours. The operating revenue for the first quarter of 2021 was down by 39% at
Infographic: How Biogen (BIIB) performed in Q1 2021
Biogen Inc. (NASDAQ: BIIB) reported first quarter 2021 earnings results today. Total revenues decreased 24% year-over-year to $2.6 billion. On a constant currency basis, revenues fell 25%. Net income attributable