Categories AlphaGraphs, Earnings, Finance
Infographic: Mastercard (MA) stock drops after Q3 results miss estimates
Mastercard (NYSE: MA) reported lower earnings and revenues for the third quarter, which also missed Wall Street’s expectations. The credit card firm’s stock declined early Wednesday, following the announcement.
Third-quarter revenues decreased 14% annually to $3.8 billion and missed the consensus forecast. The top-line was hurt by the impacts of COVID-19.
Adjusted earnings plunged to $1.60 per share from $2.15 per share in the third quarter of 2019. Earnings also missed analysts’ prediction. Reported profit dropped to $1.5 billion or $1.51 per share from $2.1 billion or $2.07 per share a year earlier.
Read management/analysts’ comments on Mastercard’s Q3 earnings
Shares of Mastercard have gained 14% in the past twelve months. They dropped during Wednesday’s pre-market trading soon after the company unveiled the quarterly numbers.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Key takeaways from Kroger’s (KR) Q1 2025 earnings report
The Kroger Co. (NYSE: KR) recently reported mixed results for the first quarter of fiscal 2025, with earnings beating estimates and sales missing. The grocery giant’s stock rose following the
What to expect when McCormick & Company (MKC) reports Q2 2025 earnings results
Shares of McCormick & Company, Incorporated (NYSE: MKC) gained over 1% on Monday. The stock has dropped 7% over the past three months. The condiments maker is slated to report its second
Earnings Preview: Paychex (PAYX) looks set to end FY25 on a strong note
Paychex Inc. (NASDAQ: PAYX) has benefited from the stable labor market and resilient customers, despite inflationary pressures and the challenging economic environment. The company is leveraging its strong fundamentals and
Comments