PURCHASE, N.Y. (AP) — MasterCard Inc. (MA) on Thursday reported fourth-quarter earnings of $227 million.
On a per-share basis, the Purchase, New York-based company said it had profit of 21 cents. Earnings, adjusted for non-recurring costs, were $1.14 per share.
The results surpassed Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The processor of debit and credit card payments posted revenue of $3.31 billion in the period, which also beat Street forecasts. Eleven analysts surveyed by Zacks expected $3.26 billion.
For the year, the company reported profit of $3.92 billion, or $3.65 per share. Revenue was reported as $12.5 billion.
MasterCard shares have risen 12 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 6 percent. The stock has risen 59 percent in the last 12 months.
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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
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