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
MRK Earnings: Merck Q1 2024 profit jumps on 9% revenue growth
Pharmaceutical company Merck & Co. Inc. (NYSE: MRK) reported a sharp increase in adjusted earnings for the first quarter of 2024, aided by an increase in revenues. First-quarter worldwide sales
Infographic: A snapshot of Caterpillar’s (CAT) Q1 2024 financial results
Caterpillar Inc. (NYSE: CAT), a leading manufacturer of construction and mining equipment, on Thursday reported first-quarter 2024 financial results. Sales and revenues for the first quarter of 2024 were $15.8
AAL Earnings: Key quarterly highlights from American Airlines’ Q1 2024 financial results
American Airlines Group Inc. (NASDAQ: AAL) reported its first quarter 2024 earnings results today. Total operating revenues increased 3.1% year-over-year to $12.5 billion. Net loss amounted to $312 million, or $0.48