On CNBC’s “Halftime Report Final Trades,” Jason Snipe of Odyssey Capital Advisors selected Mastercard Incorporated MA.
Mastercard, based in Purchase, New York, reported 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, surpassing the consensus of $6.48 billion. Adjusted EPS rose 20% Y/Y to $3.18, outperforming the consensus of $3.08.
Stephanie Link of Hightower indicated that American Express Company AXP is somewhat more economical than Mastercard. The New York-based company’s fiscal fourth-quarter revenue for 2023 grew 11% year-on-year to $15.8 billion, falling short of the consensus of $16 billion. EPS of $2.62 missed the consensus of $2.64.
Joe Terranova of Virtus Investment Partners recommended Amphenol Corporation 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. The company expects first-quarter sales of $3.04 billion to $3.1 billion, representing a 2% to 4% increase over the prior year quarter. The street view pegs at $3.12 billion. The company sees adjusted EPS of 71 cents to 73 cents, while the analyst consensus stands at $0.72.
Price Performance
- 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.
