MasterCard (MA) Tops Q4 EPS Views on Strong Global Growth

February 2, 2012 8:48 AM EST
MasterCard (NYSE: MA) shares are trading higher ahead of the bell Thursday following a fourth-quarter report which showed mixed results compared to analyst consensus views.

Revenue showed a strong 20 percent gain to $1.728 billion, in-line with expectations of $1.73 billion.

Net income for MasterCard dropped 95 percent to $19 million, or 15 cents per share. Excluding a one-time litigation settlement cost, EPS rose to $4.03, beating Street EPS views of $3.92.

LatAm and APMEA led global growth, with increases of 24.8 percent and 23.5 percent, respectively. Growth in the U.S. was 12.1 percent in the quarter. Worldwide purchase volume during the quarter was up 15.2 percent to $648 billion on a local currency basis versus the fourth quarter of 2010.

"For the full year, despite ongoing economic uncertainties, we posted strong performance ahead of our long-term objectives," commented CEO Ajay Banga.

Shares are up over 2.5 percent early.


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