This post was originally published on this site
Investing.com – Mastercard (NYSE:) reported on Wednesday fourth quarter 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 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
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.