MasterCard (MA) reports Q3 profit increase as cross-border volumes remain strong
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Mastercard forecasts weaker revenue growth on economic slowdown fears
October 26, 2023 8:06 AM EDTBy Niket Nishant
(Reuters) -Mastercard on Thursday forecast a weaker-than-expected growth in net revenue for the fourth quarter, signaling a potential moderation in spending volumes as an uncertain economic environment prompts caution among consumers.
A low double-digit percentage growth forecast for fourth-quarter net revenue, compared with LSEG estimates of more than 16% growth, sent the New York-based company's shares down nearly 6% to $365.35, the lowest in nearly four months.
... MoreMasterCard (MA) Tops Q3 EPS by 18c
October 26, 2023 8:04 AM EDTMasterCard (NYSE: MA) reported Q3 EPS of $3.39, $0.18 better than the analyst estimate of $3.21. Revenue for the quarter came in at $6.5 billion versus the consensus estimate of $6.53 billion.
For earnings history and earnings-related data on MasterCard (MA) click here.
... MoreFed to Propose Lowering Debit-Card Swipe Fees - WSJ
October 25, 2023 12:41 PM EDT(Updated - October 25, 2023 12:43 PM EDT)
Fed to Propose Lowering Debit-Card Swipe Fees - WSJ
Fed Proposal Would Lower Fees by About 30% on Average Debit Transaction of $50Merchants Had Pressed Fed for Years to Lower Debit Swipe Fees... MoreMasterCard (MA) option IV elevated into quarter results and outlook
October 25, 2023 10:39 AM EDTMasterCard (NYSE: MA) October weekly call option implied volatility is at 46, November is at 24; compared to its 52-week range of 16 to 36 into the expected release of quarter results before the bell on October 26.
... MoreMasterCard (MA) October weekly 382 straddle into quarter results
October 25, 2023 5:08 AM EDTMasterCard (NYSE: MA) October weekly 382 straddle is priced for a move of 3.5% into the expected release of quarter results before the bell on October 26.
... More