MasterCard: Q2 Earnings Snapshot
By AP News
Published - Jul 31, 2024, 09:46 AM ET
Last Updated - Jul 31, 2024, 09:46 AM EDT
PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — MasterCard Inc. (MA) on Wednesday reported second-quarter profit of $3.26 billion.
The Purchase, New York-based company said it had profit of $3.50 per share. Earnings, adjusted for non-recurring costs, were $3.59 per share.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $3.51 per share.
The processor of debit and credit card payments posted revenue of $6.96 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $6.85 billion.
