Investing.com - Mastercard reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $2.15 on revenue of $4.45B. Analysts polled by Investing.com anticipated EPS of $2.02 on revenue of $4.43B. That compared to EPS of $1.78 on revenue of $3.9B in the same period a year earlier. The company had reported EPS of $1.89 on revenue of $4.11B in the previous quarter.
Mastercard shares gained 1.11% to trade at $279.00 in pre-market trade following the report.
Mastercard follows other major Financial sector earnings this month
On October 15, JPMorgan reported third quarter EPS of $2.68 on revenue of $30.06B, compared to forecasts of EPS of $2.45 on revenue of $28.47B.
Bank of America earnings beat analysts' expectations on October 16, with third quarter EPS of $0.56 on revenue of $22.8B. Investing.com analysts expected EPS of $0.54 on revenue of $22.58B
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