Mastercard (MA) Q4 Earnings Beat on Steady Consumer Spending

Mastercard Incorporated (MA) reported fourth-quarter 2023 adjusted earnings of $3.18 per share, which outpaced the Zacks Consensus Estimate by 3.3%. The bottom line climbed 20% year over year.Net revenues of the leading technology company in the global payments industry amounted to $6.5 billion, which improved 13% year over year in the quarter under review. The top line beat the consensus mark by 1.4%.The quarterly results benefited on the back of resilient consumer spending and solid cross-border volumes. ...