Investing.com - Mastercard (NYSE:MA) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mastercard announced earnings per share of $1.96 on revenue of $4.41B. Analysts polled by Investing.com anticipated EPS of $1.87 on revenue of $4.4B. That with comparison to EPS of $1.55 on revenue of $3.81B in the same period a year before.Mastercard had reported EPS of $2.15 on revenue of $4.47B in the previous quarter.Analysts are expecting EPS of $2.03 and revenue of $4.39B in the upcoming quarter.
Mastercard shares are up 7% from the beginning of the year and are trading at $324.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 0.95% year to date.
Mastercard shares gained 1.16% in pre-market trade after the report.
Mastercard follows other major Financial sector earnings this month
Mastercard's report follows an earnings beat by JPMorgan on Tuesday, January 14, 2020, who reported EPS of $2.57 on revenue of $29.21B, compared to forecasts EPS of $2.35 on revenue of $27.87B.
Bank of America had beat expectations on Wednesday, January 15, 2020 with fourth quarter EPS of $0.74 on revenue of $22.35B, compared to forecast for EPS of $0.68 on revenue of $22.22B.
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