Mastercard Shares Suffer Following Company's Q4 Earnings Report

Mastercard Inc. shares fell more than 2% in premarket trade on Tuesday. The credit and debit card company reported fourth-quarter profit just above Wall Street expectations, while revenue came up a bit short. Net Income for the quarter was $933 million, or 86 cents per share, compared with $890 million, or 79 cents, during the same quarter a year ago. FactSet's per-share consensus was for 85 cents. Mastercard revenue hit $2.76 billion in the quarter, compared with $2.52 billion last year and FactSet's revenue consensus of $2.78 billion. Mastercard said its gross dollar volume increased 9% to $1.20 trillion in the quarter, FactSet's consensus on dollar volume was for $1.27 trillion. Shares of Mastercard are up nearly 23% in the trailing 12-month period, while the S&P 500 Index is up 17% in the same time frame.