Mastercard Inc on Tuesday beat quarterly profit and revenue estimates, as a stro...
- Mastercard Inc on Tuesday beat quarterly profit and revenue estimates, as a strong U.S. job market, rising wages and surge in online shopping boosted transaction volumes, sending shares of the world’s second largest payments processor to an all-time high.
The company’s gross dollar volume - dollar value of total transactions processed - rose 5.4 percent in the first quarter, with growth across all geographies. Retail sales in the U.S. rose to their highest in 1-1/2 years in March, according to data published earlier this month, with almost all sectors including autos, electronics, appliances and food and beverage registering growth.
Mastercard, like rival Visa, has been looking to digitization to drive its business and diversify its customer base. The company recently partnered with Apple Inc and Goldman Sachs for the Apple card, which can be accessed digitally on an iPhone.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Schiff plans criminal referral for Trump backer Erik PrinceHouse Intelligence Committee Chairman Adam Schiff (D-Burbank) is making a criminal referral to the Justice Department for the founder of the security firm Blackwater, alleging he lied to Schiff’s committee in 2017.
और पढो »
S&P, Nasdaq notch record closes from GDP, earnings boostA surprisingly strong report card on the U.S. economy helped power the benchmark...
और पढो »
As bank profits soar, Wall Street’s political spending hits new highBanks and financial institutions dramatically increased their political spending as Congress debated, and then passed, legislation last year that rolled back several key industry regulations.
और पढो »
Asian shares up after Nasdaq, S&P 500 hit record highsEquity markets in Asia rose on Wednesday morning after upbeat earnings helped th...
और पढो »
Valero Energy beats estimates on profit, revenueU.S. independent refiner Valero Energy Corp reported less bearish than feared qu...
और पढो »
Chipotle beats profit, revenue estimates as online sales surgeChipotle Mexican Grill Inc beat Wall Street estimates for quarterly revenue and ...
और पढो »
Comcast first quarter profit beats Wall Street, misses on revenueComcast Corp reported first-quarter profit on Thursday that beat Wall Street est...
और पढो »
Comcast earnings beat estimates but sales fall short, high speed internet revenue up 10%Comcast's CEO joined SquawkCNBC to discuss earnings after reporting a beat on earnings per share but lower revenue than expected.
और पढो »
Spotify revenue beats on higher paid subscriber addition, shares riseSpotify Technology SA reported a better-than-expected rise in first-quarter reve...
और पढो »
Merck raises full-year forecasts as vaccines power profit beatMerck & Co Inc reported higher-than-expected first-quarter profit on Tuesday on ...
और पढो »
Southeast Asia's largest bank beats forecasts to post record quarterly profitDBS Group Holdings' net profit for the first quarter increased by 9% year-on-year to a record 1.65 billion Singapore dollars ($1.21 billion).
और पढो »