Mastercard Inc. shares MA, +1.43% are up more than 1% in premarket trading after the company beat profit expectations with its fourth-quarter results. The company posted net income of $2.1 billion, or $2.07 a share, compared with $900 million, or 87 cents a share, in the year-earlier period. After adjusting for special items, earnings per share rose to $1.96 from $1.55 a year period and came in ahead of the $1.87 FactSet consensus. Revenue increased to $4.4 billion from $3.8 billion and was in line with the FactSet consensus. Mastercard said that gross-dollar volume increased by 12% on a local-currency basis while cross-border volume ticked up 16%. Mastercard shares are up 17% over the past three months, as the S&P 500 SPX, +1.01% has risen 7.9%.