Benzinga - by Avi Kapoor, Benzinga Staff Writer.
On CNBC’s "Halftime Report Final Trades," Jason Snipe of Odyssey Capital Advisors picked Mastercard Incorporated (NYSE: MA).
Cross-border volumes were up over 24%, Snipe said, adding, "I like the momentum here."
Purchase, New York-based Mastercard posted better-than-expected fourth-quarter earnings. Net revenues stood at $6.55 billion, up 13% Y/Y and 11% Y/Y on a neutral currency basis, beating the consensus of $6.48 billion.
Adjusted EPS rose 20% Y/Y to $3.18, exceeding the consensus of $3.08.
Don’t forget to check out our premarket coverage here
Stephanie Link of Hightower said American Express Company (NYSE: AXP) is a little bit cheaper than Mastercard.
The New York-based firm's fiscal fourth-quarter revenue 2023 (net of interest expense) grew 11% year-on-year to $15.8 billion, missing the consensus of $16 billion. EPS of $2.62 missed the consensus of $2.64.
Joe Terranova of Virtus Investment Partners named Amphenol Corporation (NYSE: APH) as his final trade.
Amphenol reported a fourth-quarter FY23 sales increase of 3% year-on-year to $3.328 billion, beating the consensus of $3.150 billion. Adjusted EPS of $0.82 topped the consensus of $0.77. Amphenol expects first quarter sales of $3.04 billion to $3.1 billion. This represents a 2% to 4% increase over the prior year quarter, and the street view pegs at $3.12 billion. The company sees adjusted EPS of 71 cents to 73 cents, representing a 3% to 6% increase from the first quarter of 2023. The analyst consensus stands at $0.72.
Price Action:
- Mastercard shares fell 0.1% to close at $460.58 on Friday.
- Shares of American Express gained 1.6% to close at $206.41 on Friday.
- Amphenol shares gained 1% to settle at $103.46 during Friday’s session.
Image: Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.