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Mastercard stock gains after earnings beat
Mastercard Inc. MA, shares are up 4.6% in premarket trading after the payments giant reported mixed fourth-quarter results, beating on earnings but delivering in-line revenue. The company posted net income of $900 million, or 87 cents a share, up from $200 million, or 21 cents a share, in the year-earlier period. The year-ago net income was impacted by a much higher tax rate, in conjunction with new tax policies in the U.S. Adjusted earnings per share rose to $1.55 from $1.14, and the metric came in above the FactSet consensus of $1.52. Net revenue climbed to $3.8 billion from $3.3 billion, in line with the FactSet consensus.
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https://www.marketwatch.com/story/master...2019-01-31
Mastercard Inc. MA, shares are up 4.6% in premarket trading after the payments giant reported mixed fourth-quarter results, beating on earnings but delivering in-line revenue. The company posted net income of $900 million, or 87 cents a share, up from $200 million, or 21 cents a share, in the year-earlier period. The year-ago net income was impacted by a much higher tax rate, in conjunction with new tax policies in the U.S. Adjusted earnings per share rose to $1.55 from $1.14, and the metric came in above the FactSet consensus of $1.52. Net revenue climbed to $3.8 billion from $3.3 billion, in line with the FactSet consensus.
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https://www.marketwatch.com/story/master...2019-01-31
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