February 24, 2020 / 11:02 PM / a month ago

CORRECTED-Mastercard says coronavirus to hit first-quarter revenue (Feb. 24)

(Corrects Feb. 24 story to say revenue to be hit between "2 and 3 percentage points" not "2% and 3%" in first paragraph)

Feb 24 (Reuters) - Mastercard Inc said on Monday its net revenue in the first quarter will likely take a hit of between 2 and 3 percentage points due to the coronavirus outbreak.

The company said it now expects revenue growth between 9% and 10% in the current quarter as the virus impacts travel and e-commerce across borders.

The credit card issuer also expects that net revenue growth on a year-over-year basis in 2020 would be at the low end of the low-teens range. (Reporting by Neha Malara in Bengaluru; Editing by Shailesh Kuber)

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