Mastercard's stock dropped 5% on Thursday after reporting third-quarter earnings and a downbeat forecast to end the year. The card company is on pace for its largest one-day percentage decrease since May 2022, according to Dow Jones Market Data.
Mastercard said consumer spending for the month of October was decelerating and posted a weaker-than-expected fourth-quarter forecast. The company reported net revenues of $6.5 billion, up 14% compared to the same timeframe a year ago. Earnings came to $3.39 per share, beating analysts’ expectations of $3.21 as polled by FactSet.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market News Today: Dow, Nasdaq Slip; Alphabet Stock Price FallsLive updates on what's moving markets, including stocks the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »
Stock Market News Today: Dow, Nasdaq Drop; Amazon Earnings in FocusLive updates on what's moving markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Source: WSJ - 🏆 98. / 63 Read more »
Stock Market News Today: Nasdaq Falls 300 Points; Alphabet Stock Price Falls After EarningsLive updates on what's moving markets, including stocks the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »
Stock Market News Today: Dow Opens Higher, Meta Stock Price Falls; Amazon Earnings in FocusLive updates on what's moving markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Source: WSJ - 🏆 98. / 63 Read more »
Stock Market Today: Dow, S&P 500 Open Lower; Alphabet Stock Price FallsLive updates on what's moving markets, including stocks the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »
Stock Market Today: Dow ends lower on drag from Google, Boeing; yields resume riseStock Market Today: Dow ends lower on drag from Google, Boeing; yields resume rise
Source: Investingcom - 🏆 450. / 53 Read more »