Mastercard Falls as Revenue Outlook Misses Analyst Forecasts (2)

Mastercard Inc. shares fell after the payments network predicted fourth-quarter revenue growth that’s below analysts’ forecasts, even as consumers continued robust spending on their credit and debit cards amid rising interest rates.

The company expects to post net revenue growth in the low double digits for the remainder of the year, lower than the 14% analysts predicted for the period. Still, purchase volume on the firm’s cards surpassed forecasts for the third quarter, rising 12% to $1.88 trillion for the three months ended Sept. 30, Mastercard said in a statement Thursday.

Shares of Purchase, New York-based Mastercard fell 5.1% to ...