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2021-07-29

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Mastercard profit jumps 36% on vaccine-fueled spending boost

July 29 (Reuters) - Mastercard Inc reported a second-quarter profit on Thursday that comfortably bea

Mastercard profit jumps 36% on vaccine-fueled spending boost

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMastercard profit jumps 36% on vaccine-fueled spending boost\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-29 20:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>July 29 (Reuters) - Mastercard Inc&nbsp;reported a second-quarter profit on Thursday that comfortably beat estimates, helped by an improvement in overall spending and a recovery in cross-border volumes.</p>\n<p>Mastercard&nbsp;shares&nbsp;rose&nbsp;1.7%&nbsp;in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/44edf17aabe277ba5057d86376024838\" tg-width=\"882\" tg-height=\"639\" width=\"100%\" height=\"auto\"></p>\n<p>Card companies have benefited from a rise in spending volumes as speedy vaccination programs and a drop in the number of COVID-19 infections allowed governments to lift pandemic-induced lockdowns.</p>\n<p>Net income, excluding exceptional items, rose to $1.9 billion, or $1.95 per share, from $1.4 billion, or $1.36 per share a year earlier.</p>\n<p>Analysts on average had expected a profit of $1.75 per share, according to Refinitiv IBES data.</p>\n<p>Mastercard's cross-border volumes, which tracks spending on its cards beyond the country of issue, rose 58% on a local currency basis, driven by a pickup in international travel.</p>\n<p>Volumes had dropped 45% in the same period a year ago.</p>\n<p>\"International travel is still in the early stages of recovery and represents additional upside potential,\" Chief Executive Officer Michael Miebach said in a statement.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MA":"万事达"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155902422","content_text":"July 29 (Reuters) - Mastercard Inc reported a second-quarter profit on Thursday that comfortably beat estimates, helped by an improvement in overall spending and a recovery in cross-border volumes.\nMastercard shares rose 1.7% in premarket trading.\n\nCard companies have benefited from a rise in spending volumes as speedy vaccination programs and a drop in the number of COVID-19 infections allowed governments to lift pandemic-induced lockdowns.\nNet income, excluding exceptional items, rose to $1.9 billion, or $1.95 per share, from $1.4 billion, or $1.36 per share a year earlier.\nAnalysts on average had expected a profit of $1.75 per share, according to Refinitiv IBES data.\nMastercard's cross-border volumes, which tracks spending on its cards beyond the country of issue, rose 58% on a local currency basis, driven by a pickup in international travel.\nVolumes had dropped 45% in the same period a year ago.\n\"International travel is still in the early stages of recovery and represents additional upside potential,\" Chief Executive Officer Michael Miebach said in a statement.","news_type":1,"symbols_score_info":{"MA":0.9}},"isVote":1,"tweetType":1,"viewCount":794,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":8,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}