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Mastercard Q4 Revenue, Profit Slide but Beat Forecasts

January 28, 2021

Via: TheStreet

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.

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