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Mastercard reports higher adjusted net income for Q4'17

Mastercard Inc. reported fourth-quarter 2017 net income of $227 million, or 21 cents per share, down from $933 million, or 86 cents per share, in the year-ago period.

Adjusted net income was $1.14 per share, compared to 86 cents per share in the year-ago period.

The S&P Capital IQ GAAP EPS estimate for the quarter was $1.11.

Net revenue for the quarter increased year over year to $3.31 billion from $2.76 billion.

More details to follow.