Investing.com - MasterCard saw shares decline 1% in pre-market trade on Thursday, despite reporting better-than-expected first quarter earnings and revenue ahead of the opening bell.
MasterCard said earnings per share came in at $0.73 in the first three months of 2014, above expectations for $0.72 per share. The credit card giant’s first quarter revenue totaled $2.18 billion, beating forecasts for revenue of $2.14 billion.
Commenting on the companys performance, Ajay Banga, president and CEO of MasterCard, said, “We kicked off the year with a strong quarter, despite a mixed global economy.”
Following the release of the report, Mastercard (NYSE:MA) shares fell 1.1% in pre-market trade.
Meanwhile, U.S. equity markets pointed to a flat open. The Dow indicated a gain of 0.01%, S&P 500 pointed to a decline of 0.01%, while the Nasdaq 100 indicated a rise of 0.2%.
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