(News Bulletin 247) – Mastercard, the world’s number two payment company, opened higher on the New York Stock Exchange on Thursday following the publication of results that exceeded expectations.
The group of Purchase (New York) exceeded Wall Street forecasts with its first quarter profit, thanks to the resistance of household spending and the recovery of the travel sector.
Its net profit rose to $2.4 billion, or $2.47 per share, from $2.6 billion ($2.68) a year earlier.
On an adjusted basis, EPS on a diluted basis stands at $2.80, against a consensus established at $2.72.
The value of transactions processed by Mastercard inflated 15% during the first quarter, while volume growth reached 17% in local currencies.
But the preliminary statistics of the gross domestic product (GDP) of the first quarter, published this morning, showed a marked slowdown in growth, which could weigh on household consumption.
The title rose despite everything by 1.5% Thursday morning in the first exchanges.
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