MasterCard beats by $0.01, misses on revs
- Reports Q4 (Dec) earnings of $0.86 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.85; revenues rose 9.5% year/year to $2.76 bln vs the $2.79 bln Capital IQ Consensus.
- An increase in switched transactions of 17%, to 15.2 billion;
- A 9% increase in gross dollar volume, on a local currency basis and adjusting for the impact of recent EU regulatory changes, to $1.2 trillion;
- An increase in cross-border volumes of 13%.