Shares of PayPal Holdings (NASDAQ:PYPL) rose 4.73% in after-market trading after the company reported Q2 results.
Earnings per share increased 24.42% over the past year to $1.07, which beat the estimate of $0.86.
Revenue of $5,261,000,000 rose by 22.21% year over year, which beat the estimate of $4,950,000,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
Date: Jul 29, 2020
Time: 05:00 PM
ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.paypal-corp.com%2Fnews-events%2Fevents&eventid=2457681&sessionid=1&key=D395A29FF9FA892A52C9685AFAFC6A37®Tag=&sourcepage=register
Company's 52-week high was at $183.99
Company's 52-week low was at $82.07
Price action over last quarter: Up 26.29%
PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had over 300 million active accounts at the end of 2019, including 20 million merchant accounts. The company also owns Xoom, an international money transfer business, and Venmo, a person-to-person payment platform.
See more from Benzinga
- Understanding PayPal Holdings's Unusual Options Activity
- Earnings Scheduled For July 29, 2020
- Stocks That Hit 52-Week Highs On Thursday
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.