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MasterCard: sharp fall in Q3 earnings
(CercleFinance.com) - MasterCard has reported adjusted net income that is down 27% at 1.
6 billion dollars for Q3 2020, i.e. 1.60 dollars per share, with EPS slightly below analysts' expectations. The payment solutions group saw its adjusted operating margin contract by 4.6 points to 54.9%, with revenues down 14% to 3.8 billion dollars, in particular with a 36% drop in cross-border volumes in local currencies. The group has noted improvements in domestic expenditure, while, quite naturally, expenditure by travellers remains a challenge. Copyright (c) 2020 CercleFinance.com. All rights reserved. |
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