Business / Investing
Add as a preferred source on GoogleAdjusted earnings came in 14 cents above the $5.17 analyst estimate, and revenue also exceeded forecasts.
Mastercard shares were up 2.8% in premarket trading Thursday. The company reported third-quarter adjusted EPS of $5.31, above the $5.17 average estimate.
Analysts’ average forecast was $5.17 per share; adjusted earnings came in at $5.31, a 14-cent difference. Revenue also came in above forecasts.
Mastercard completed its BVNK acquisition on Aug. 3, within the quarter covered by these results. EconoTimes had earlier previewed the results date and BVNK deal.
Mastercard shares reached a record closing price of $617.42 on Oct. 16. The company completed its BVNK acquisition during the third quarter.
Logitech forecast a 41% to 42% gross margin for the December quarter and said a supplier disruption could reduce third-quarter sales by $70 million to $80 million.
The company set the discussion for 5 p.m. ET Thursday, Oct. 29, after its quarterly results.
