Mastercard Q4 Earnings Gets Consumer Spending Boost

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 ...