Mastercard Stock Rises 5% On Strong Q4 Earnings, Growth In Cross-Border Transactions

(RTTNews) - Thursday, Mastercard Inc. (MA) shares climbed 5.05 percent to $576.54 after the company reported strong fourth quarter earnings that exceeded analyst expectations. The growth was driven by a surge in payments and cross-border transactions.

Currently, MA is trading at $571.33, up 4.10 percent or $22.53 on the New York Stock Exchange. The stock opened at $555.00, with a high of $576.56 on the day. Shares have traded between $428.86 and $576.56 over the past year.

The company's revenue for the period rose 14.4 percent, to $7.489 billion from $6.548 billion last year. Meanwhile, profit came in at $3.342 billion, or $3.64 per share, compared to $2.791 billion, or $2.97 per share, last year.