Mastercard Earnings: Charges Past Wall Street Estimates
Mastercard Incorporated (NYSE:MA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.88%.
Mastercard Incorporated Earnings Cheat Sheet
Results: Net income increased 3084.21% to $605 million ($4.86 per diluted share) in the quarter versus a net gain of $19 million in the year-earlier quarter.
Revenue: Rose 9.95% to $1.9 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Mastercard Incorporated reported adjusted net income of $4.86 per share. By that measure, the company beat the mean analyst estimate of $4.81. It beat the average revenue estimate of $1.89 billion.
Quoting Management: “We are pleased with our fourth-quarter results, which saw double-digit growth in net revenue, cross-border volume and processed transactions,” said Ajay Banga, MasterCard president and CEO…