Investing.com - Mastercard (NYSE:MA) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mastercard announced earnings per share of $1.83 on revenue of $4.01B. Analysts polled by Investing.com anticipated EPS of $1.75 on revenue of $4B. That with comparison to EPS of $1.78 on revenue of $3.89B in the same period a year before.Mastercard had reported EPS of $1.96 on revenue of $4.41B in the previous quarter.Analysts are expecting EPS of $1.59 and revenue of $3.79B in the upcoming quarter.
Mastercard shares are down 11% from the beginning of the year and are trading at $268.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 11.75% year to date.
Mastercard shares gained 1.28% in pre-market trade the report.
Mastercard follows other major Financial sector earnings this month
Mastercard's report follows an earnings missed by JPMorgan on Tuesday, April 14, 2020, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
UnitedHealth had beat expectations on Wednesday, April 15, 2020 with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.16B.
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