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 and are trading at $268.00 , down-from-52-week-high.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 Tuesday, April 14, 2020, 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 Wednesday, April 15, 2020 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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