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 , still down 23.80% from its 52 week high of $347.25 set on February 20. They are outperforming the S&P 500 which is down 11.75% year to date.
Mastercard shares gained 1.28% in pre-market trade following the report.
Mastercard follows other major Financial sector earnings this month
Mastercard's report follows an earnings missed by JPMorgan on April 14, 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 April 15 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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