Paypal: Q3 Earnings Snapshot

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Paypal Holdings Inc. (PYPL) on Tuesday reported third-quarter earnings of $1.01 billion.

The San Jose, California-based company said it had net income of 99 cents per share. Earnings, adjusted for non-recurring costs, were $1.20 per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.

The technology platform and digital payments company posted revenue of $7.85 billion in the period, which missed Street forecasts. Nine analysts surveyed by Zacks expected $7.86 billion.

Paypal expects full-year earnings to be $3.92 to $3.96 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PYPL at https://www.zacks.com/ap/PYPL

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up