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Mastecard scores a profit beat but its stock falls as spending growth slows
MAMastercard(MA) Market Watch·2024-01-31 13:20

Mastercard reported fourth-quarter earnings Wednesday morning.The company posted fourth-quarter net income of 2.8billion,or2.8 billion, or 2.97 a share, compared with 2.5billion,or2.5 billion, or 2.62 a share, in the year-earlier period. On an adjusted basis, Mastercard MA, +1.05% earned 3.18ashare,whereasitearned3.18 a share, whereas it earned 2.65 a share on the metric a year before. Analysts were looking for 3.08ashare.Mastercardsrevenueincreasedto3.08 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 ...