U.S. Markets open in 53 mins

MasterCard: 4Q Earnings Snapshot

PURCHASE, N.Y. (AP) _ MasterCard Inc. (MA) on Thursday reported fourth-quarter earnings of $899 million.

On a per-share basis, the Purchase, New York-based company said it had profit of 87 cents. Earnings, adjusted for one-time gains and costs, came to $1.55 per share.

The results beat Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.

The processor of debit and credit card payments posted revenue of $3.81 billion in the period, also beating Street forecasts. Twelve analysts surveyed by Zacks expected $3.79 billion.

For the year, the company reported profit of $5.86 billion, or $5.60 per share. Revenue was reported as $14.95 billion.

MasterCard shares have increased 8 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 7 percent. The stock has increased 22 percent in the last 12 months.

_____

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