Mastercard Incorporated (MA) reported earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company’s bottom line came in at $2.4 billion, or $2.41 per share. This compares with $1.8 billion, or $1.78 per share, in last year’s fourth quarter.
Excluding items, Mastercard Incorporated reported adjusted earnings of $2.3 billion or $2.35 per share for the period.
Analysts on average had expected the company to earn $2.21 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 26.8% to $5.2 billion from $4.1 billion last year.
Mastercard Incorporated earnings at a glance (GAAP) :
-Earnings (Q4): $2.4 Bln. vs. $1.8 Bln. last year. -EPS (Q4): $2.41 vs. $1.78 last year. -Analyst Estimate: $2.21 -Revenue (Q4): $5.2 Bln vs. $4.1 Bln last year.