A rise in consumer spending, broad-based across several geographies, helped Mastercard beat Wall Street estimates for the second quarter. The company announced news on Thursday that earnings for the quarter came in at $1.10, while Wall Street had expected $1.04, and the bottom line edged the...
Discover Financial Services announced news of its second quarter earnings results to Wall Street on Wednesday (July 26) that showed total loans increased 8 percent, or $6.1 billion, while credit card loans saw the same growth in the quarter. In a press release, the credit...
Facebook managed to widely beat Wall Street expectations with its latest earnings report, causing a 4 percent pick-up in after hours trading. Advertising revenue pushed by sky-rocketing sales of mobile video ads managed to grow at more than twice the rate reported by Google. By...
Whole Foods Market managed to come out mostly ahead of analysts’ expectations as it offered its Q2 earning report — possibly one of the last few it will give before being folded into the Amazon family. Earnings per share clocked in at 36 cents adjusted,...
PayPal reported earnings yesterday — and Wall Street liked what it saw. Shares were up 2 percent in after hour trading following the release of Q2 results that indicated PayPal’s revenue, earnings, profit, footprint, user base, merchant base and P2P payments customer base are all growing...
Credit card processor Total System Services reported results Tuesday after the markets closed that topped Wall Street expectations. Sales came in at $1.2 billion, up from $1.1 billion last year, driving earnings to an adjusted 85 cents a share compared to the 80 cents expected...
In an outcome that surprised nearly no one, the massive $2.74 billion fine that European Union antitrust regulators handed down to Google for favoring its own commerce listings in search results took a fairly big bite out of Google parent company Alphabet’s profits during Q2....
Amex CFO Jeff Campbell told analysts that while card member spending grew, so did the costs of rewarding those well-heeled cardholders to keep them in the Amex boat. He also made it clear that Costco is increasingly in their rearview mirror as lending offers a...
The second-biggest bank by assets, Bank of America, said Tuesday that earnings were up on gains in all businesses beyond trading, according to the latest quarterly results. The company said that its top line came in at just over $23 billion, better than consensus at...
