5 Stocks Making Headlines After Earnings Reports

2. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 156

Mastercard Incorporated (NYSE:MA) recently caught investors’ attention after announcing better-than-expected profit and revenue for the third quarter. The financial services company earned $2.37 per share on an adjusted basis during the three months ended 30 September 2021, up from $1.60 per share it earned in the same period, a year earlier.

Revenue for the quarter increased 30 percent on a year-over-year basis to $4.99 billion. Analysts were expecting Mastercard Incorporated (NYSE:MA) to post earnings of $2.19 per share on revenue of $4.95 billion.

Speaking on the results, CEO Michael Miebach said:

“We saw continued momentum across the business as we delivered strong revenue and earnings growth again this quarter. Our performance was driven by the execution of our strategy, healthy domestic spending and solid growth in cross-border spending which has recently returned to pre-pandemic levels.”