Investing.com - Mastercard (NYSE:MA) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Mastercard announced earnings per share of $1.6 on revenue of $3.84B. Analysts polled by Investing.com anticipated EPS of $1.66 on revenue of $3.96B.
Mastercard shares are up 6% from the beginning of the year and are trading at $309.60 , down-from-52-week-high.They are outperforming the S&P 500 which is up 4.95% from the start of the year.
Mastercard shares lost 2.37% in pre-market trade the report.
Mastercard follows other major Financial sector earnings this month
Mastercard's report follows an earnings beat by UnitedHealth on Wednesday, October 14, 2020, who reported EPS of $3.51 on revenue of $65.12B, compared to forecasts EPS of $3.11 on revenue of $63.79B.
JPMorgan had beat expectations on Tuesday, October 13, 2020 with third quarter EPS of $2.92 on revenue of $29.94B, compared to forecast for EPS of $2.23 on revenue of $28.22B.
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