Mastercard (MA) – Get Report on Wednesday posted better-than-expected third-quarter earnings as consumers continued to pivot away from cash and toward plastic for both online and in-person transactions, though a drop in travel and leisure activity due to the pandemic led to lower transactions and revenue.
The Purchase, N.Y., company posted their-quarter adjusted income of $1.6 billion, or $1.60 a share, vs. $2.2 billion, or $2.15 a share, in the year-earlier quarter. The results were slightly better than the $1.65 a share consensus forecast in a survey by FactSet.
