Investing.com - Mastercard (NYSE:MA) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mastercard announced earnings per share of $2.68 on revenue of $5.80. Analysts polled by Investing.com anticipated EPS of $2.57 on revenue of $5.65B.
Mastercard shares are down 11% from the beginning of the year and are trading at $319.18 , down-from-52-week-high.
Mastercard shares lost 0.10% in intra-day trade after the report.
Mastercard follows other major Information Technology sector earnings this month
Mastercard's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, compared to forecasts EPS of $2.32 on revenue of $49.86B.
Visa A had beat expectations on Tuesday with fourth quarter EPS of $1.93 on revenue of $7.8B, compared to forecast for EPS of $1.87 on revenue of $7.57B.
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