Reported about 9 hours ago
Mastercard has exceeded Wall Street profit estimates for the third quarter, driven by robust consumer spending that bolstered payment volumes. The company's adjusted profit reached $3.96 billion, surpassing predictions of $4.32 per share, while net revenue grew by 17% to $8.6 billion year-over-year. Despite challenges such as labor market issues and inflation concerns, Mastercard's diversified revenue streams, particularly in value-added services, have positioned it well amidst economic uncertainties.
Source: YAHOO