1/29/2020, 2:01 PM (Source: TeleTrader)
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Mastercard's net revenue jumps 16% to $4.4B in Q4

Mastercard Inc. announced on Wednesday that GAAP earnings per share (EPS) surged 138% in the fourth quarter of 2019 to arrive at $2.07, while revenues added 16% in the same period, standing at $4.4 billion.

Operating income doubled from the last three months of 2018 to reach $2.4 billion, the release noted. Operating margin also improved from 32.4% to 54.4% annually. In the whole of 2019, the financial services company had revenues of $16.9, up by 13% from the year before. Other parametres also recorded positive results, with full-year EPS up by 42% and operating income 33% higher.

"Our focus on the customer and delivering against their goals continues to drive core growth. With recent acquisitions helping to round out our multi-rail strategy and capabilities in key areas, such as digital, cyber and analytics, we are well positioned for the future," commented CEO Ajay Banga.

Mastercard's shares traded more than 1% in the green premarket after the financial results were published.

Breaking the News / NI