Categories AlphaGraphs, Earnings, Finance
MA Earnings: Mastercard Q1 2024 adj. profit rises on higher revenues
Credit card company Mastercard Incorporated (NYSE: MA) reported an increase in revenues and adjusted earnings for the first quarter of 2024.
Net revenue increased 10% year-over-year to $6.3 billion in the March quarter. Currency-neutral revenue growth was 11%.
The positive top-line performance translated into an 18% increase in adjusted earnings to $3.31 per share in Q1 from $2.80 per share in the prior year period. Unadjusted profit was $3.0 billion or $3.22 per share, compared to $2.4 billion or $2.47 per share in the first quarter of 2023.
“Our momentum continued this quarter, as we delivered strong revenue and earnings growth powered by healthy consumer spending, strong cross-border volume growth of 18%1year-over-year, and new deal wins in every region,” said Michael Miebach, CEO of Mastercard.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
WBA Earnings Preview: Will Walgreens’ Q3 report bring cheer to investors?
Walgreens Boots Alliance, Inc. (NASDAQ: WBA) has been facing challenges due to higher operating costs, rising competition, and an unfavorable retail environment. These factors have put pressure on the drugstore
Main points from Accenture’s (ACN) Q3 2024 earnings report
Shares of Accenture (NYSE: ACN) rose 6% on Thursday, following the company’s announcement of its third-quarter 2024 earnings results. Although revenue and profits missed expectations, the stock jumped after the
ACB Earnings: Aurora Cannabis reports narrower Q4 loss on higher revenues
Aurora Cannabis, Inc. (NASDAQ: ACB) on Thursday reported a net loss for the fourth quarter of 2024. The company’s revenues moved up 5% year-over-year during the quarter. The Canada-based recreational
