Mastercard (MA) – Get Report shares rose Thursday as fourth-quarter profit and revenue fell from a year ago but exceeded expectations, as the payments company weathered the Covid pandemic.
Revenue slid 7% to $4.12 billion in the quarter from $4.41 billion last year, ahead of the FactSet analyst consensus of $4.0 billion. The pandemic hurt revenue, but acquisitions helped. The company’s cross-border volume plunged 29% amid the drop in global travel.
