Mastercard Incorporated Q4 Profit Increases, beats estimates

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.

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