Mastercard, Inc. (MA) Misses Q4 EPS by 3c; Gross Dollar Vol. Up 14%

January 31, 2014 8:01 AM EST
Mastercard, Inc. (NYSE: MA) reported Q4 EPS of $0.57, $0.03 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $2.13 billion versus the consensus estimate of $2.14 billion.

Net revenue growth was driven by the impact of the following:

-- A 14% increase in gross dollar volume, on a local currency basis, to $1.1 trillion;
-- An increase in cross-border volumes of 18%; and
-- An increase in processed transactions of 13%, to 10.4 billion.

Worldwide purchase volume during the quarter was up 12% on a local currency basis versus the fourth quarter of 2012, to $805 billion. As of December 31, 2013, the company’s customers had issued almost 2 billion MasterCard and Maestro-branded cards.

“We are very pleased with our performance this quarter and our full-year 2013 results reflect the overall strength of our global business,” said Ajay Banga, MasterCard president and CEO. “In addition to signing several significant deals last quarter, we made new investments in processing and person-to person payments while expanding our MasterPass digital platform - all supporting safe and seamless payment experiences.”

For earnings history and earnings-related data on Mastercard, Inc. (MA) click here.


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