ThredUp Inc
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Consumer Discretionary : Internet & Direct Marketing Retail | Small Cap Growth
Company profile

ThredUp Inc. is an online resale platform for women’s and kids’ apparel, shoes and accessories. The Company’s marketplace enables buyers to browse and purchase resale items primarily women’s and kids’ apparel, shoes and accessories across a range of price points. Its custom-built operating platform consists of distributed processing infrastructure, software and systems and data science expertise. The Company’s subsidiaries include ThredUp Intermediary Holdings LLC, Knitwit GC LLC, ThredUp CF LLC, thredUP Circular Fashion Fund Inc. and Remix Global EAD.


Last Trade
0.13 (5.08%)
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Market Hours

Closing Price
Day's Change
-0.16 (-5.88%)
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10-day average volume:

Mastercard notches large earnings beat as travel spending extends bounce

8:30 am ET April 28, 2022 (MarketWatch)

Shares of Mastercard Inc. (MA) were up more than 3% in premarket trading Thursday after the payments giant easily topped profit expectations for its most recent quarter amid a surge in travel spending. The company reported net income of $2.6 billion, or $2.68 a share, up from $1.8 billion, or $1.83 a share, in the year-earlier quarter. On an adjusted basis, Mastercard earned $2.76 a share, up from $1.74 a share a year prior and ahead of the FactSet consensus, which was for $2.18 a share. Revenue rose to $5.2 billion from $4.2 billion, while analysts had been modeling $4.9 billion. The company saw a 17% increase in gross dollar volume and a 21% increase in purchase volume during the March quarter. Chief Executive Michael Miebach shared in the release that as of March, cross-border travel was ahead of 2019 levels for the first time since the start of the pandemic. "Even in the context of this challenging geopolitical environment, we're off to a strong start in 2022 with robust revenue and earnings growth as cross-border volumes grew 53% versus a year ago on a local currency basis," he said in the release. Mastercard's report follows one from Visa Inc. (V) earlier in the week, which also showed the benefits of a continued resumption in travel spending.

-Emily Bary


(END) Dow Jones Newswires

April 28, 2022 08:30 ET (12:30 GMT)

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