Mastercard’s third-quarter results exceeded what many investors had anticipated. Usually, Mastercard and Visa perform well when consumer spending is high. So, before Mastercard’s financial report on Thursday, investors were hoping for a strong comeback after a weaker second quarter raised concerns about future growth.
Despite some lingering worries in the third-quarter results, Mastercard surprised investors by posting better-than-expected earnings, thanks to increased spending worldwide. Let’s take a closer look at how Mastercard performed this quarter and see if these results might ease investor concerns.