Mastercard Posts Higher 3Q Revenue, Lifted by Spending
26 October 2023 - 11:41PM
Dow Jones News
By Will Feuer
Mastercard posted higher earnings and revenue for the third
quarter as spending across the company's network climbed.
The credit card company reported third-quarter profit of $3.20
billion, or $3.39 a share, up from $2.50 billion, or $2.58 a share,
in the same period last year. Analysts surveyed by FactSet had
expected earnings of $3.21 a share.
Revenue climbed 14% to $6.53 billion, matching analysts'
expectations.
Gross dollar volume on the Mastercard network grew 11% during
the quarter, lifted by cross-border spending.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
October 26, 2023 08:26 ET (12:26 GMT)
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