© Reuters. FILE PHOTO: Illustrative photo of a Mastercard logo on a credit card
(Reuters) – Mastercard Inc (NYSE 🙂 reported a 5.6% decline in earnings for the first quarter on Thursday, largely due to a sharp drop in cross-border spending on its cards due to a slump in international travel due to the COVID-19 pandemic .
Net income excluding special items decreased from $ 1.8 billion, or $ 1.83 per share, to $ 1.7 billion, or $ 1.74 per share, last year.
According to Refinitiv IBES data, analysts had expected an average profit of $ 1.57 per share.
Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. As a result, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this data.
Fusion Media or any person involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.