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Mastercard 4Q profit tops expectations; projects higher-than-expected expenses for 2024
Proactive Investors· 2024-01-31 16:35
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Demand for Security Solutions Helps Mastercard's Value-Added Services Revenues Climb 17%
PYMNTS· 2024-01-31 16:34
For Mastercard, new payment flows and digital innovations outpaced spending growth on cards — though consumers remain resilient.And as management noted in a press release and on an earnings call discussing the fourth quarter of 2023, demand has been strong for security and authentication solutions that protect those transactions.Supplemental materials reveal that fourth-quarter gross dollar volumes were up 10% to $2.3 trillion.In the United States, debit and prepaid card spending was up 2.7% to $345 billion ...
MasterCard (MA) Reports Q4 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-01-31 16:31
For the quarter ended December 2023, MasterCard (MA) reported revenue of $6.55 billion, up 12.6% over the same period last year. EPS came in at $3.18, compared to $2.65 in the year-ago quarter.The reported revenue represents a surprise of +1.39% over the Zacks Consensus Estimate of $6.46 billion. With the consensus EPS estimate being $3.08, the EPS surprise was +3.25%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...
MasterCard (MA) Q4 Earnings and Revenues Beat Estimates
Zacks Investment Research· 2024-01-31 15:11
MasterCard (MA) came out with quarterly earnings of $3.18 per share, beating the Zacks Consensus Estimate of $3.08 per share. This compares to earnings of $2.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.25%. A quarter ago, it was expected that this processor of debit and credit card payments would post earnings of $3.21 per share when it actually produced earnings of $3.39, delivering a surprise of 5.61%.Over the last ...
Mastercard Q4 Earnings Gets Consumer Spending Boost
Investopedia· 2024-01-31 14:31
Key TakeawaysMastercard's fourth quarter revenue and adjusted earnings beat analysts' expectations.Adjusted net income rose 17% from the year-ago period to $2.99 billion or $3.18 per diluted share. Revenue grew 12.5% to $6.55 billion as robust consumer spending boosted Mastercard's payments network.Mastercard Inc.'s (MA) fourth quarter earnings got a boost from robust consumer spending. Shares were 0.5% lower in pre-market trading Wednesday.The payments giant reported net income of $2.8 billion or $2.97 per ...
Mastecard scores a profit beat but its stock falls as spending growth slows
Market Watch· 2024-01-31 13:20
Mastercard reported fourth-quarter earnings Wednesday morning.The company posted fourth-quarter net income of $2.8 billion, or $2.97 a share, compared with $2.5 billion, or $2.62 a share, in the year-earlier period. On an adjusted basis, Mastercard MA, +1.05% earned $3.18 a share, whereas it earned $2.65 a share on the metric a year before. Analysts were looking for $3.08 a share.Mastercard’s revenue increased to $6.5 billion from $5.8 billion and matched the FactSet consensus view. The company saw a 10% in ...
Mastercard Incorporated Fourth Quarter and Full Year 2023 Financial Results Available on Company's Website
Businesswire· 2024-01-31 13:01
PURCHASE, N.Y.--(BUSINESS WIRE)--Mastercard Incorporated (NYSE: MA) today announced its fourth quarter and full year 2023 financial results through an earnings release available on the company’s Investor Relations website at investor.mastercard.com. The earnings release will be furnished with the Securities and Exchange Commission (SEC) on a Form 8-K and available here. At 9:00 a.m. ET today, the company will host a conference call to discuss these financial results. Conference Call Details: Toll-free dia ...
Is Mastercard Stock a Buy?
The Motley Fool· 2024-01-29 13:10
There are some businesses out there that perform so well on a consistent basis that investors might take them for granted. They even might be boring, so sometimes they can fly under the radar.I believe Mastercard (MA 0.40%) is one such company. In the last decade, the financial stock has climbed 455%, a gain that trounces both that of the S&P 500 index and the Nasdaq Composite Index. Shares have done nothing but reward investors.So, is Mastercard stock a buy right now?Mastercard is an elite businessMasterca ...
Should You Buy This Magnificent Warren Buffett Stock With $1,000 in 2024?
The Motley Fool· 2024-01-27 14:30
Warren Buffett's Berkshire Hathaway owns numerous stocks in its public equities portfolio. The largest positions rightfully get a lot of the attention, but there are smaller holdings that might make for great investment opportunities as well. Take Mastercard (MA 0.40%). Even though it only accounts for 0.5% of the Oracle of Omaha's portfolio, its shares have seriously outperformed the broader market historically. Should you buy this magnificent Warren Buffett stock with $1,000 in 2024? Here are three compel ...
International Fee Growth Leads Mastercard's Expected Profit Gain
Investopedia· 2024-01-26 20:25
Mastercard's Quarterly Earnings Outlook   Analyst Estimates for Q4 2023 Q3 2023 Q4 2022 Revenue $6.47 billion $6.53 billion $5.82 billion (Diluted) Earnings Per Share $3.07 $3.39 $2.62 Net Income $2.88 billion $3.20 billion $2.53 billionSource: Visible Alpha Key Metric Mastercard is expected to report growth across its business lines from the same period a year ago. But the firm received a particular boost from its international payments unit, according to Visible Alpha's projection. Revenue from cross-b ...