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MA MasterCard Incorporated

443.20
-8.00 (-1.77%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
MasterCard Incorporated NYSE:MA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -8.00 -1.77% 443.20 448.98 438.38 446.00 4,979,367 01:00:00

Mastercard's Profit More Than Doubles

29/01/2020 2:09pm

Dow Jones News


MasterCard (NYSE:MA)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more MasterCard Charts.
By Allison Prang 

Mastercard Inc.'s profit rose in the fourth quarter compared with a year earlier when the company recorded litigation costs.

The credit-card company said fourth-quarter net income jumped to $2.1 billion, or $2.07 a share. Profit more than doubled from a year ago when Mastercard logged more than $750 million in litigation charges. Adjusted earnings were $1.96 a share, up from $1.55 a share.

Analysts' consensus, according to FactSet, estimated earnings of $1.87 a share.

Mastercard also recorded a net gain on its equity investments of $119 million in the fourth quarter.

Net revenue at the company was $4.41 billion, up 16%. Analysts were expecting $4.4 billion.

The volume of Mastercard's card transactions was $1.73 trillion, up 11%.

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

January 29, 2020 08:54 ET (13:54 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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