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Mastercard Tops Profit Estimates on Travel Spending Boom

Posted on the 28 July 2022 by Phil's Stock World @philstockworld

July 28 (Reuters) - Mastercard Inc (MA.N) sailed past market estimates for quarterly profit on Thursday as a surge in cross-border spending sparked by this year's travel boom more than offset higher costs. Pent-up demand and the easing of COVID-19 curbs have led to the strongest summer travel season ...

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