Mastercard shares slide as quality of revenue growth disappoints - Dealers Care

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Wednesday, 31 October 2018

Mastercard shares slide as quality of revenue growth disappoints

By Aparajita Saxena (Reuters) - Mastercard's shares reversed course to fall sharply in afternoon trading on Tuesday as investors worried the company's third-quarter revenue growth was largely being driven by rebates and incentives and not by transaction volumes. The payments processor said its revenue rose 14.7 percent to $3.90 billion in the quarter, out of which rebates and incentives accounted for $1.74 billion

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