PayPal Holdings Inc Earnings Miss, Revenue Beats In Q3
Investing.com - PayPal Holdings Inc (NASDAQ:PYPL) reported third quarter earnings that missed analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.61 on revenue of $4.38B. Analysts polled by Investing.com expected EPS of $0.7 on revenue of $4.35B. That compared to EPS of $0.58 on revenue of $3.68B in the same period a year earlier. The company had reported EPS of $0.86 on revenue of $4.31B in the previous quarter.
PayPal Holdings Inc shares gained 4.59% to trade at $101.01 in after-hours trade following the report.
PayPal Holdings Inc follows other major Financial sector earnings this month
On October 15, JPMorgan reported third quarter EPS of $2.68 on revenue of $30.06B, compared to forecasts of EPS of $2.45 on revenue of $28.47B.
Bank of America earnings beat analysts' expectations on October 16, with third quarter EPS of $0.56 on revenue of $22.8B. Investing.com analysts expected EPS of $0.54 on revenue of $22.58B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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