Investing.com - Mastercard (NYSE:MA) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.78 on revenue of $3.89B. Analysts polled by Investing.com anticipated EPS of $1.66 on revenue of $3.85B. That compared to EPS of $1.5 on revenue of $3.58B in the same period a year earlier. The company had reported EPS of $1.55 on revenue of $3.81B in the previous quarter.
Mastercard shares gained 0.55% to trade at $248.50 in pre-market trade following the report.
Mastercard shares gained 0.55% to trade at $248.50 in pre-market trade following the report.
For the year, Mastercard shares are up 31%, outperforming the S&P 500 which is up 18.82% year to date.
Mastercard follows other major Financial sector earnings this month
On Friday, April 12, 2019, JPMorgan reported first quarter EPS of $2.65 on revenue of $29.85B, compared to forecasts of EPS of $2.35 on revenue of $28.44B.
Bank of America earnings beat analyst's expectations on Tuesday, April 16, 2019, with first quarter EPS of $0.7 on revenue of $23B. Investing.com analysts expected EPS of $0.66 on revenue of $23.16B
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