Mastercard Earnings, Revenue Beat in Q2
2022.07.28 17:06
Mastercard Earnings, Revenue Beat in Q2
Investing.com – Mastercard (NYSE:MA) reported on Thursday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Mastercard announced earnings per share of $2.56 on revenue of $5.5B. Analysts polled by Investing.com anticipated EPS of $2.35 on revenue of $5.26B.
Mastercard shares are down 4% from the beginning of the year, still down 14.17% from its 52 week high of $399.92 set on February 2. They are outperforming the S&P 500 which is down 15.58% from the start of the year.
Mastercard follows other major Information Technology sector earnings this month
Mastercard’s report follows an earnings missed by Microsoft on Tuesday, who reported EPS of $2.23 on revenue of $51.87B, compared to forecasts EPS of $2.29 on revenue of $52.43B.
Visa A had beat expectations on Tuesday with third quarter EPS of $1.98 on revenue of $7.28B, compared to forecast for EPS of $1.74 on revenue of $7.06B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
