PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — MasterCard Inc. (MA) on Thursday reported fourth-quarter earnings of $4.06 billion.
On a per-share basis, the Purchase, New York-based company said it had net income of $4.52. Earnings, adjusted for non-recurring costs and investment costs, came to $4.76 per share.
The results surpassed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $4.20 per share.
The processor of debit and credit card payments posted revenue of $8.81 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $8.74 billion.
For the year, the company reported profit of $14.97 billion, or $16.52 per share. Revenue was reported as $32.79 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MA at https://www.zacks.com/ap/MA
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