(Reuters) – Mastercard reported a higher fourth-quarter profit on Thursday as a resilient economy encouraged consumers to ramp up spending in the holiday season. The company’s net income rose to $3.34 billion, or $3.64 per share, in the three months ended Dec. 31, compared with $2.79 billion, or $2.97 per share, a year earlier. (Reporting […]
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Mastercard’s profit jumps on resilient consumer spending
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(Reuters) – Mastercard reported a higher fourth-quarter profit on Thursday as a resilient economy encouraged consumers to ramp up spending in the holiday season.
The company’s net income rose to $3.34 billion, or $3.64 per share, in the three months ended Dec. 31, compared with $2.79 billion, or $2.97 per share, a year earlier.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shounak Dasgupta)