SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Paypal Holdings Inc. (PYPL) on Tuesday reported third-quarter net income of $1.25 billion.
On a per-share basis, the San Jose, California-based company said it had profit of $1.30. Earnings, adjusted for non-recurring costs and pretax expenses, came to $1.34 per share.
The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The technology platform and digital payments company posted revenue of $8.42 billion in the period, also exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $8.26 billion.
For the current quarter ending in December, Paypal expects its per-share earnings to range from $1.27 to $1.31.
The company expects full-year earnings in the range of $5.35 to $5.39 per share.
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