Shares of Mastercard (MA) have recouped much of their March losses and are up 13% over the past year. While the company’s valuation may seem high given the declines reported in its Q2 results, its long-term growth trajectory remains on track, and it is an attractive long-term investment.
(Source: Seeking Alpha)
Q2 Results Were Impacted by COVID-19
In the company’s second quarter, it earned $1.36, $0.18 above consensus. Revenue was down 19% to $3.34 billion, essentially in line with expectations, as lockdowns led to fewer transactions. EPS was down over