简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:(Reuters) – Mastercard Inc on Thursday reported a better-than-expected profit for the fourth quarter as resilient spending volumes helped the payments company cushion the blow from higher expenses.
Mastercard beats profit estimates on resilient spending
(Reuters) – Mastercard Inc on Thursday reported a better-than-expected profit for the fourth quarter as resilient spending volumes helped the payments company cushion the blow from higher expenses.
Mastercard, which has a bigger exposure to Asia Pacific than peer Visa Inc, benefited from the reopening of borders and pent-up demand for travel in the region, helping it offset the hit from 10% higher costs in the quarter.
“While macroeconomic and geopolitical uncertainty persists, consumer spending has been remarkably resilient,” Chief Executive Michael Miebach said in a statement.
Excluding one-time items, the New York-based card company earned $2.65 per share for the three months ended Dec. 31, compared with analysts average estimate of $2.58 per share, according to Refinitiv IBES data.
Net revenue climbed 12% to $5.8 billion.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.