MasterCard Inc. said net income increased for the fourth quarter 2015 to $890 million, or 79 cents per share, from $801 million, or 69 cents per share, for the same period last year. The FactSet consensus was 69 cents per share. Revenue increased 4% to $2.5 billion, below the FactSet consensus of $2.6 billion. MasterCard said revenue growth was driven by a 12% increase in gross dollar volume, on a local currency basis, to $1.2 trillion, a 12% increase in processed transactions to $13 billion, and a 12% increase in cross-border volume. MasterCard shares are up 0.7% in premarket trading, but up 2.5% for the past 12 months. The S&P is down 6.3% for the past year.
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