SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Paypal Holdings Inc. (PYPL) on Tuesday reported first-quarter earnings of $888 million.
On a per-share basis, the San Jose, California-based company said it had net income of 83 cents. Earnings, adjusted for one-time gains and costs, came to $1.40 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The technology platform and digital payments company posted revenue of $7.7 billion in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $7.5 billion.
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