Mastercard Inc (MA) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.96 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.90. The company posted revenue of $2694.00 million in the period, compared to analysts expectations of $2588.31 million. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.
Mastercard Inc opened for trading at $95 and hit $96.5 on the upside on Thursday, eventually ending the session at $96.01, with a gain of 2.41% or 2.26 points. The heightened volatility saw the trading volume jump to 52,09,019 shares. Company has a market cap of $105,520 M.
In a different news, on May 10, 2016, Andrea L Forster (Corporate Controller) sold 13,480 shares at $97.02 per share price. According to the SEC, on May 5, 2016, Ajay Banga (Chief Executive Officer) sold 176,240 shares at $96.80 per share price. On May 4, 2016, Gary J Flood (President, Gl Prod & Solutions) sold 96,335 shares at $97.43 per share price, according to the Form-4 filing with the securities and exchange commission.
MasterCard Incorporated is a technology company in the global payments industry. The Company connects consumers financial institutions merchants Governments and businesses around the world enabling them to use electronic forms of payment instead of cash and checks. The Company’s brands include MasterCard Maestro and Cirrus. It provides offerings such as loyalty and reward programs information services and consulting. The Company focuses on segments including Government programs such as Social Security payments unemployment benefits and others; commercial programs such as payroll health savings accounts employee benefits and others and consumer reloadable programs for individuals without formal banking relationships and non-traditional users of electronic payments. The Company provides a variety of products and solutions that support payment products that customers can offer to their cardholders.