Mastercard posted strong revenue growth but its stock slipped as cross-border activity slowed in April
Mastercard posted strong revenue growth but its stock slipped as cross-border activity slowed in April
Adjusted EPS of $4.60 topped analyst estimates of $4.41, but April-to-date data showed a deceleration in cross-border transaction growth
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Mastercard $MA reported first-quarter net revenue of $8.4 billion, a 16% increase from a year earlier, as adjusted earnings per share topped analyst expectations — though April-to-date data showed a slowdown in cross-border activity that sent the company's stock lower.
Adjusted diluted EPS........
