Mastercard Beats Estimates
Mastercard Inc (NYSE:MA) shares have gained over 1% this morning after the company beat second quarter revenue and profit expectations. The payment processing company reported EPS of $0.96, topping the consensus estimate of $0.90. Revenue for the quarter came in at $2.70 billion, above the forecasts of $2.59 billion. MasterCard’s CEO Ajay Banga said in a statement that the company carried “solid momentum” through the second quarter. Mr. Banga said that MasterCard’s recent acquisition of payment systems company VocaLink will expand its capabilities beyond card-based solutions. Out of the 766 active funds in our database, 80 hedge funds held long positions in Mastercard Inc (NYSE:MA) at the end of the first quarter.
Ford Posts Disappointing Quarter
Ford Motor Company (NYSE:F)’s stock is getting battered today, losing nearly 10%, after the company missed analysts’ forecasts for the second quarter as it experienced a decline in sales in the US and China. The Michigan-based automaker posted second quarter EPS of $0.52, missing the consensus estimate of $0.60. Revenue in the quarter came in at $39.5 billion, easily topping estimates of $36.3 billion. However, Ford CFO Bob Shanks said in a press briefing that the second-half will be a challenging one for the automaker, as it anticipates a weak third quarter due to higher costs of launching the new Super Duty pickup truck. Ken Fisher’s Fisher Asset Management was one of 33 funds in our system that were bullish on Ford Motor Company (NYSE:F) at the end of the first quarter.
Royal Dutch Shell Down After Weak Second Quarter
Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has slipped by more than 3% today after the company’s second quarter results missed analysts’ forecasts due to poor refining margins and declining oil prices. The Netherlands-based company’s adjusted profit plunged by a whopping 72% year-over-year to $1.04 billion, or $0.26 per share during the quarter, well below the consensus estimate of $0.53. However, revenue of $58.42 billion surpassed the target mark of $55.5 billion. 34 funds that we track were long Royal Dutch Shell plc (ADR) (NYSE:RDS.A) at the end of the first quarter, up from 28 funds a quarter earlier.