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During the final quarter of last year, Mastercard (MA.US) exceeded forecasts, recording a 20% growth in adjusted earnings per share, reaching $3.18, while revenue also experienced a boost of 12.5%, amounting to $6.55 billion. This solid growth for the company is a repetition of the previous quarter. The consistent consumer spending, robust cross-border volumes, a wider payments network, and supplementary services have all contributed to Mastercard’s success. Nonetheless, operational costs somewhat reduced the positive turn.
(Mastercard 4Q23 Earnings)
For 2023, Mastercard reported a healthy profit of $11.2 billion which translates to an earnings per share of $11.83. Their yearly revenue ascended to a whopping $25.1 billion.
Looking forward, Mastercard predicts the net revenue growth for the first quarter of 2024 to reach low double digits, and projects a marginal growth in operating expenses from the year before. For the entire 2024, management expects low double-digit expansion in net revenue from its $25.1 billion mark in 2023. The company expects a moderate single-digit increase in operating costs above the $11.1 billion of 2023. The optimistic forecast mirrors Mastercard’s positive trajectory, undeterred by potential macroeconomic challenges.
(Mastercard Stock Performance Six-month Chart)
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Ultima Markets, a trading name of Ultima Markets Ltd, is authorized and regulated by the Financial Services Commission "FSC" of Mauritius as an Investment Dealer (Full-Service Dealer, excluding Underwriting) (license No. GB 23201593). The registered office address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.
HuaPrime EU Ltd, registered number HE423188, and with a business address at Georgiou Griva Digeni 122A, Kallinicos Court, Shop 1—Upper level, Neapolis, 3101 Limassol, Cyprus, is regulated by the Cyprus Securities and Exchange Commission, which has CIF license number 426/23.
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