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MasterCard: 4Q Earnings Snapshot

January 29, 2020 GMT

PURCHASE, N.Y. (AP) _ MasterCard Inc. (MA) on Wednesday reported fourth-quarter profit of $2.1 billion.

On a per-share basis, the Purchase, New York-based company said it had profit of $2.07. Earnings, adjusted for non-recurring gains and pretax gains, came to $1.96 per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share.

The processor of debit and credit card payments posted revenue of $4.41 billion in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $4.4 billion.

For the year, the company reported profit of $8.12 billion, or $7.94 per share. Revenue was reported as $16.88 billion.

MasterCard shares have climbed slightly more than 7% since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than 1%. The stock has increased 60% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MA at https://www.zacks.com/ap/MA