StockWatch: Spending Recovery Fuels Mastercard Earnings!

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Mastercard topped expectations with its second-quarter results amid a continued recovery in spending trends.

The company reported a second-quarter net income of $2.1 billion, up from $1.4 billion in the prior quarter

Amazon posted a third $100 billion quarter in a row, but still misses expectations.

It also gave a weaker-than-expected outlook for third-quarter revenue and blamed the tough year-over-year comparisons to its business during Covid-19 lockdowns.

Timestamps:

  • AMZN 02:10
  • MA 03:50

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