Mastercard: quarterly profit exceeds expectations

(CercleFinance.com) - Mastercard has reported better-than-expected quarterly results on Wednesday, boosted by an increase in transactions by its credit card customers.


The US group's Q4 net profit rose by 17% to $3bn, or $3.18 per share, above the consensus of $2.84 per share.

The payment card specialist's sales rose by 13% to $6.5bn, ahead of the $6bn expected by analysts.

Despite this better-than-expected performance, Mastercard shares were down 0.8% in pre-market trading on Wednesday morning on Wall Street. At yesterday's closing price, its capitalization exceeded $417bn.


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