MasterCard: 4Q Earnings Snapshot
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.