Global index provider MSCI reported a higher fourth-quarter profit due to increased product subscriptions driven by a market recovery. Mastercard's fourth-quarter profit increased by 11% from resilient consumer spending during the holiday season, despite operating expenses growing more than expected. The company's strong earnings were driven by labor market strength and easing recession fears.
💳 Payments processor Mastercard on Wednesday reported an 11% jump in fourth-quarter profit, driven by resilient consumer spending during the holiday season as labor markets remained strong and fears of a recession eased. https://t.co/kzkgV7Y6UP
Mastercard's expense forecast eclipses fourth-quarter profit beat https://t.co/l4z0VCAwhN https://t.co/ZPpMJYtC93
Mastercard’s Strong Earnings Still Show Spending Slowdown https://t.co/U41XpINPBN
Mastercard's fourth-quarter profit jumps 11% on resilient spending https://t.co/YSTAPU0Nrp https://t.co/XBtOy7rBZK
Mastercard’s fourth-quarter earnings beat expectations even as operating expenses grew more than analysts expected https://t.co/UqqzLq5E7e
MSCI Stock Is the S&P 500’s Top Performer on Tuesday. Demand Drives an Earnings Beat. https://t.co/qwsfXMuDEk
⚠️ MSCI QUARTERLY PROFIT RISES ON SUBSCRIPTION STRENGTH (Reuters) Global index provider MSCI posted a higher fourth-quarter profit on Tuesday, as its product subscriptions benefited from a market recovery led by bets that the U.S. Federal Reserve is nearing an end to its… https://t.co/JtyIKFfonQ