Mastercard's Stock Price Plummets on Earnings Miss

Dave Kovaleski, The Motley Fool
·2-min read
Mastercard's Stock Price Plummets on Earnings Miss
Mastercard's Stock Price Plummets on Earnings Miss

Mastercard (NYSE: MA) missed earnings estimates in the third quarter, primarily due to lower travel-related spending during the summer months. "Mastercard has been focused on helping merchants, banks, fintechs, governments and consumers with products and services to navigate the pandemic," CEO Ajay Banga said. "We are seeing encouraging progress in the trajectory of domestic spending, while travel spending remains a challenge."