Mastercard Incorporated (MA) has announced an increase in its fourth-quarter profit, surpassing predictions from Wall Street. In comparison to the same period of the previous year, the company's net income rose to $2.79 billion, or $2.97 a share, from $2.53 billion, or $2.62 a share.
When accounting for certain items, Mastercard Incorporated posted adjusted earnings of $2.99 billion, or $3.18 a share, for the quarter. On average, analysts had anticipated earnings of $2.84 a share, as per data collected by Thomson Reuters. Notably, these predictions commonly omit special items.
Regarding the revenue, the company witnessed a significant surge of 12.5% for the quarter, reaching $6.55 billion from the prior year's $5.82 billion.
To summarize, Mastercard Incorporated's fourth-quarter earnings as per GAAP stand as follows: Earnings rose to $2.79 billion from $2.53 billion during the previous year. Earnings per share (EPS) improved to $2.97 from $2.62 of the last year, exceeding the analyst estimate of $2.84. Finally, the quarter's revenue increased to $6.55 billion from $5.82 billion in the last year.
