MasterCard Incorporated (MA) reported fourth quarter EPS of $0.79 before the opening bell Friday, compared to the consensus estimate of $0.69. Revenues increased 4.4% from last year to $2.52 billion. Analysts expected revenues of $2.55 billion. MasterCard said its gross dollar volume rose 12% to $1.2 trillion on a local currency basis.
The stock is currently up $1.07 to $84.50 on 30K shares.
Alphabet (GOOG) seems likely to surpass Apple (AAPL) as the world’s most valuable company. Apple’s market cap is $521.68 billion in pre-market hours. That’s just $7 billion more than Alphabet’s $514.62 billion capitalization.
Shares of BlackBerry Limited (BBRY) are down marginally in pre-market trading. The Canadian firm launched its first Android-powered smartphone ‘Priv’ in India on January 28. The move marks BlackBerry’s foray into Android-based smartphones.
Amazon.com, Inc. (AMZN) dropped $65.90 to $569.45 in pre-market trading despite the highest-ever quarterly profit ever posted by the e-commerce giant.
In its quarterly report, Amazon said it earned $1.00 per share, well below the $1.58 per share analysts were expecting. Revenue rose 21.9% yoy to $35.75 billion, but below views for $35.98 billion.