Mastercard's dim forecast clouds profit beat on travel demand

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Versiunea din 7 noiembrie 2023 18:36, autor: Admin (discuție | contribuții) (Pagină nouă: <p style="text-align: justify;"><br></p><p style="text-align: justify;">Mastercard Inc (US.MA) on Thursday pushed back against worries of a slowdown in consumer spending after a weaker-than-expected forecast for revenue growth for the last three months of the year overshadowed an upbeat quarter for the U.S. card firm. Shares slipped 1% after the company said it expects revenue to rise in "low double digits" at the lower end of its forecast range, while analysts were expectin...)
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Mastercard Inc (US.MA) on Thursday pushed back against worries of a slowdown in consumer spending after a weaker-than-expected forecast for revenue growth for the last three months of the year overshadowed an upbeat quarter for the U.S. card firm. Shares slipped 1% after the company said it expects revenue to rise in "low double digits" at the lower end of its forecast range, while analysts were expecting a near 15% increase.

Cross-border volumes, a measure of spending on cards beyond the country of its issue, were up 44%. That helped drive up gross dollar volumes, or the dollar value of all transactions processed on Mastercard's platform, by 11%.


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