Categories AlphaGraphs, Earnings, Finance
MA Earnings: Mastercard Q2 2022 profit, revenue beat estimates
Mastercard Incorporated (NYSE: MA) reported higher earnings and revenues for the second quarter of 2022. The results also exceeded analysts’ estimates. The credit card giant’s stock traded higher early Thursday soon after the announcement.
Adjusted earnings, excluding special items, climbed to $2.56 per share in the June quarter from $1.95 per share a year earlier and topped analysts’ estimates. Second-quarter unadjusted net income rose to $2.3 billion or $2.34 per share from $2.1 billion or $2.08 per share in the same period of 2021.
At $5.5 billion, net revenues were up 21% year-over-year and well above the consensus forecast. Gross dollar volume increased 14% and purchase volume moved up 18%, on a local currency basis.
Check this space to read management/analysts’ comments on Mastercard’s Q2 2022 results
“Increasing inflationary pressures have yet to significantly impact overall consumer spending but we will continue to monitor this closely. We have a well-diversified business model and the demonstrated ability to deliver strong operating margins through up and down cycles,” said Michael Miebach, Mastercard’s CEO.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%