Mastercard forecasts weaker revenue growth on economic slowdown fears

Mastercard on Thursday forecast a weaker-than-expected growth in net revenue for the fourth quarter, signaling a potential moderation in spending volumes as an uncertain economic environment prompts caution among consumers.

 

A low double-digit percentage growth forecast for fourth-quarter net revenue, compared with LSEG estimates of more than 16% growth, sent the New York-based company’s shares down nearly 6% to $365.35, the lowest…