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PayPal Holdings Inc Earnings miss, Revenue beats In Q3

Investing.com

Investing.com - PayPal Holdings Inc reported third quarter earnings that missed analyst's expectations on Thursday and revenue that topped forecasts.

The firm reported earnings per share of $0.36 on revenue of $3.68B. Analysts polled by Investing.com anticipated EPS of $0.54 on revenue of $3.67B. That compared to EPS of $0.46 on revenue of $3.24B in the same period a year earlier The company had reported EPS of $0.58 on revenue of $3.86B in the previous quarter.

PayPal Holdings Inc shares gained 7.46% to trade at $83.26 in after-hours trade following the report.

For the year, PayPal Holdings Inc shares are up 4.38%, under-performing the Nasdaq 100 which is up 10.64% year to date.

PayPal Holdings Inc follows other major Financial sector earnings this month

On Tuesday, JPMorgan (NYSE:JPM) reported fourth quarter EPS of $ on revenue of $, compared to forecasts of EPS of $2.24 on revenue of $27.41B.

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Bank of America (NYSE:BAC) earnings missed analyst's expectations on Wednesday, with fourth quarter EPS of $ on revenue of $. Investing.com analysts expected EPS of $0.65 on revenue of $22.76B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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