Investing.com - Mastercard (NYSE:MA) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mastercard announced earnings per share of $2.35 on revenue of $5.22B. Analysts polled by Investing.com anticipated EPS of $2.21 on revenue of $5.17B.
Mastercard shares are down 4% from the beginning of the year, still down 14.16% from its 52 week high of $401.50 set on April 28, 2021. They are outperforming the S&P 500 which is down 8.73% from the start of the year.
Mastercard shares lost 0.03% in pre-market trade following the report.
Mastercard follows other major Information Technology sector earnings this month
Mastercard's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.48 on revenue of $51.73B, compared to forecasts EPS of $2.31 on revenue of $50.65B.
Taiwan Semiconductor had beat expectations on January 13 with fourth quarter EPS of $1.16 on revenue of $15.85B, compared to forecast for EPS of $1.12 on revenue of $15.69B.
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