Mastercard sees 'resilient consumer spending' boost earnings, revenue

Mastercard Inc. topped profit and revenue expectations for its latest quarter, calling out “resilient consumer spending.”

After adjusting for gains and losses on equity investments, among other factors,... Mastercard Inc. topped profit and revenue expectations for its latest quarter, calling out “resilient consumer spending.” After adjusting for gains and losses on equity investments, among other factors, Mastercard MA earned $2.80 a share, up from $2.76 a share a year before, while analysts were modeling $2.71 a share.The results reflected “resilient consumer spending and the continued recovery of cross-border travel,” Chief Executive Michael Miebach said in a release.

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