Investing.com - Mastercard (NYSE:MA) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Mastercard announced earnings per share of $1.6 on revenue of $3.84B. Analysts polled by Investing.com anticipated EPS of $1.66 on revenue of $3.96B.
Mastercard shares are up 6% from the beginning of the year and are trading at $309.60 , down-from-52-week-high.They are outperforming the S&P 500 which is up 4.95% from the start of the year.
Mastercard shares lost 2.37% in pre-market trade following the report.
Mastercard follows other major Financial sector earnings this month
Mastercard's report follows an earnings beat by UnitedHealth on Wednesday, October 14, 2020, who reported EPS of $3.51 on revenue of $65.12B, compared to forecasts EPS of $3.11 on revenue of $63.79B.
JPMorgan had beat expectations on Tuesday, October 13, 2020 with third quarter EPS of $2.92 on revenue of $29.94B, compared to forecast for EPS of $2.23 on revenue of $28.22B.
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