Mastercard: Q4 beats consensus
(CercleFinance.com) - MasterCard has published Q4 2018 adjusted net income that is up one third at 1.
6 billion dollars, or 1.55 dollar per share, three cents above the consensus.
The payment solutions group saw its adjusted operating margin improve by 1.3 point to 52.3%, with revenues up 15% to 3.8 billion dollars (+17% at constant exchange rates).
"This very strong end of the year has allowed us to achieve a record year," said CEO Ajay Banga. "When you combine this with the strategic investments we've made for the long term, we are very well positioned for continued growth."
Copyright (c) 2019 CercleFinance.com. All rights reserved.
6 billion dollars, or 1.55 dollar per share, three cents above the consensus.
The payment solutions group saw its adjusted operating margin improve by 1.3 point to 52.3%, with revenues up 15% to 3.8 billion dollars (+17% at constant exchange rates).
"This very strong end of the year has allowed us to achieve a record year," said CEO Ajay Banga. "When you combine this with the strategic investments we've made for the long term, we are very well positioned for continued growth."
Copyright (c) 2019 CercleFinance.com. All rights reserved.