Mastercard’s third-quarter results exceeded the expectations of many investors. Typically, MasterCard and Visa perform well when consumer spending is strong. Prior to Thursday’s financial report, MasterCard investors were hopeful for a positive rebound after a disappointing second quarter that raised concerns about future growth.
Although there were still some worries in Mastercard’s third-quarter results, the company managed to impress by reporting higher earnings than most investors anticipated, thanks to increased spending globally. Let’s take a closer look at how Mastercard performed this quarter and see if investors can feel more at ease with these outcomes.