MasterCard (MA) tops Q4 estimates on strong payment network growth
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Go back to MasterCard (MA) tops Q4 estimates on strong payment network growth
January 31, 2024 8:06 AM EST
By Niket Nishant
(Reuters) -Mastercard beat Wall Street estimates for fourth-quarter profit on Wednesday, as the payments processor benefited from resilient consumer spending during the holiday shopping season.
The report capped a robust year for the company as hopes of a "soft landing" for the economy and bets of interest rate cuts by the U.S. Federal Reserve encouraged big-ticket purchases and more travel.
Last week, Visa reported a... More
January 31, 2024 8:03 AM EST
MasterCard (NYSE: MA) reported Q4 EPS of $3.18, $0.10 better than the analyst estimate of $3.08. Revenue for the quarter came in at $6.5 billion versus the consensus estimate of $6.48 billion.
For earnings history and earnings-related data on MasterCard (MA) click here.
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January 30, 2024 10:36 AM EST
MasterCard (NYSE: MA) February weekly call option implied volatility is at 40, February is at 23; compared to its 52-week range of 14 to 30 into the expected release of quarter results before the bell on January 31.
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