Cardiff Oncology shares plunge after Q2 earnings miss
Investing.com -- Mastercard (NYSE:MA) on Thursday reported first-quarter earnings and revenue that topped analyst expectations, leading to a share price rise of more than 1% in premarket trading.
The payments processing giant posted earnings per share (EPS) of $3.73, surpassing the consensus estimate of $3.57.
Net revenue came in at $7.25 billion, up 17% on a currency-neutral basis, and also ahead of the $7.13 billion forecast.
"Our steady drumbeat of innovation continues. We launched Mastercard Agent Pay, our new Agentic Payments Program, and will work with companies like Microsoft (NASDAQ:MSFT) and OpenAI," said Michael Miebach, CEO of Mastercard.
"And we announced a strategic partnership with Corpay to deliver an enhanced suite of corporate cross-border payment solutions. While there is uncertainty in the world, we’ve built a diversified, resilient business model and proven strategy that enables us to effectively navigate various economic environments.”
Mastercard’s cross-border volumes in the quarter rose 15% year over year, falling short of the 17.4% estimate.
Purchase volume totaled $1.99 trillion, compared to expectations of $2.04 trillion. Gross Dollar Volume reached $2.42 trillion, just below the projected $2.48 trillion.