Mastercard shares up after Q4 profit beats estimates

Investing.com -- Mastercard Inc (NYSE: MA)shares were up roughly 2% at $560 before the opening bell after company reported a better-than-expected quarterly profit, as robust consumer spending helped drive higher transaction volumes.

The company posted fourth-quarter earnings per share of $3.82, beating analysts' estimates of $3.70. Revenue came in at $7.5 billion, slightly above the consensus estimate of $7.4 billion.

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