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Mastercard (#MA) announced Q1 earnings and beat analyst expectations! The card company reported Non-GAAP EPS of $1.74 (beats by $0.18) and revenue of $4.2B (+5.0% Y/Y).
Since the pandemic in 2020, cross-border transactions have dragged revenues at #Mastercard down. This quarter the company managed to boost revenues to pre-pandemic levels while cross-borders transactions still dragged, which signals more growth as travel spending comes back. Shares of Mastercard were trading down after the earnings news and may provide a support buy for investors. Is Mastercard a stock a buy if it continues to dip?