Mastercard sees recovery in travel-related spending as earnings beat expectations

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Earnings Results

Last Updated: Oct. 28, 2021 astatine 8:41 a.m. ET First Published: Oct. 28, 2021 astatine 8:40 a.m. ET

Cross-border spending ‘has precocious returned to pre-pandemic levels,’ CEO says

Mastercard exceeded nett expectations Thursday.

Mastercard

Mastercard Inc. exceeded expectations with its latest results Thursday amid a “healthy” home spending scenery and a betterment successful cross-border activity.

The institution generated third-quarter nett income of $2.41 billion, oregon $2.44 a share, up from $1.51 billion, oregon $1.51 a share, successful the year-prior quarter. Mastercard MA generated adjusted net per stock of $2.37 a share, up from $1.60 a twelvemonth earlier and up the FactSet consensus, which called for $2.19 a share.

Mastercard’s...

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