Mastercard Incorporated (MA) revealed earnings for its fourth quarter that increased from the same period last year and beat the

Mastercard Inc. reported earnings that exceeded estimates as the firm diversifies beyond its traditional payment network into areas such as anti-fraud services and global money movement.

Mastercard reported a fourth-quarter profit that beat Wall Street estimates as a resilient economy encouraged consumers to ramp up spending during the holiday season, sending the payments processor's shares up 3.

Mastercard Inc (NYSE:MA)shares were up roughly 2% at $560 before the opening bell after company reported a better-than-expected quarterly profit, as robust consumer spending helped drive higher transaction volumes.