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PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — MasterCard Inc. (MA) on Thursday reported fourth-quarter net income of $3.34 billion.
On a per-share basis, the Purchase, New York-based company said it had net income of $3.64. Earnings, adjusted for non-recurring costs, came to $3.82 per share.
The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $3.68 per share.
The processor of debit and credit card payments posted revenue of $7.49 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $7.38 billion.
For the year, the company reported profit of $12.87 billion, or $13.89 per share. Revenue was reported as $28.17 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MA at https://www.zacks.com/ap/MA