menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

Mastercard posted strong revenue growth but its stock slipped as cross-border activity slowed in April

4 0
thursday

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

NurPhoto / Getty Images

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........

© Quartz