Yahoo Finance Mastercard Earnings, Revenue Beat in Q4
Investing.com - Mastercard reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mastercard announced earnings per share of $1.96 on revenue of $4.41B. Analysts polled by Investing.com anticipated EPS of $1.87 on revenue of $4.4B. That with comparison to EPS of $1.55 on revenue of $3.81B in the same period a year before. Mastercard had reported EPS of $2.15 on revenue of $4.47B in the previous quarter. Analysts are expecting EPS of $2.03 and revenue of $4.39B in the upcoming quarter.
Mastercard shares are up 7% from the beginning of the year and are trading at $324.00 , still down 2.07% from its 52 week high of $327.04 set on January 24. They are outperforming the S&P 500 which is up 0.95% year to date.
Mastercard shares gained 1.16% in pre-market trade following the report.
Mastercard follows other major Financial sector earnings this month
Mastercard's report follows an earnings beat by JPMorgan on January 14, who reported EPS of $2.57 on revenue of $29.21B, compared to forecasts EPS of $2.35 on revenue of $27.87B.
Bank of America had beat expectations on January 15 with fourth quarter EPS of $0.74 on revenue of $22.35B, compared to forecast for EPS of $0.68 on revenue of $22.22B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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