Facebook Inc (NASDAQ:FB), Mastercard Inc (NYSE:MA) ResultsAuthor: Abhijit SenLast Updated: March 12, 2020 Facebook Inc is scheduled to release second-quarter results after the close of trade on Wednesday. The company has improved its prowess in the video advertising segment, and analysts expect that to boost the quarterly numbers. Stifel analyst Scott Devitt said, “The dramatic rise in its ad click-through-rates throughout the last 12 months bodes well for Facebook.”Facebook Should Repeat Past PerformanceThe consensus on Wall Street is for earnings of 47 cents a share, compared to 42 cents a share in the same period last year. Revenue should come in at $ 4 billion, up from $2.9 billion a year earlier.Facebook Inc shares have risen more than 15 percent in the past three months. The social media giant has historically managed to trump the Wall Street consensus number, having missed earnings and sales expectations only once since its market debut in 2012.On Monday, analysts at Raymond James reaffirmed their “outperform” rating, and increased the price target on the stock to $110 from $90. Also yesterday, Cantor Fitzgerald maintained its buy rating and a $100 price target on the stock. According to FactSet, the average target price of around 45 analysts who cover Facebook Inc is $99.62.China Beckons MastercardCredit card company Mastercard Inc is all set to announce quarterly results early on Wednesday. Despite economic conditions remaining volatile in some parts, MasterCard has managed to weather the overseas storms, while pressing ahead with its long-term strategic plan. Wall Street is by and large optimistic, though some worries about an earnings slowdown have crept in of late.The average analysts’ estimate is for earnings of $0.86 per share; a 7.5 percent rise from the year-ago period. Sales should be around $2.41 billion; an increase of 1.5 percent on a y-o-y basis.Mastercard Inc first-quarter numbers provided investors a good insight into what’s happening within the company. The strength in the dollar continued to hold back performance, limiting sales growth to just about 3 percent. However, even with the dollar’s impact, the volume of cross-border transaction soared 19 percent. And coupled with the continued emphasis on controlling costs, the company’s earnings growth managed to outpace the slower top-line gain.China provides a big opportunity for Mastercard Inc , and the company’s prospects seem to be improving, after officials there announced that overseas payment processors would be legally allowed to operate in the country. According to Chinese central bank figures, card-based transactions within the country, increased to $6.8 trillion last year. Mastercard would be keen to grab a large chunk of this processing business.