Mastercard Ditches 2020 Outlook on Plunging Customer Travel
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Mastercard Inc. ditched its full-year outlook for revenue growth and lowered forecasts for first-quarter results it announced just a month ago.
First-quarter net revenue will probably climb by a percentage in the “low single digits,” the Purchase, New York-based firm said Tuesday in a statement. Operating expenses could increase by a percentage in the “low-to-mid-single digits” range.