107.22 0.00 (0.00%)
After hours: 5:52PM EDT
|Bid||107.40 x 3100|
|Ask||105.80 x 900|
|Day's Range||106.42 - 108.38|
|52 Week Range||70.22 - 109.00|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||62.70|
|Earnings Date||Apr 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||104.88|
Venmo has revolutionized the way pay each other back. From sending roommates the rent check to reimbursing friends for dinner, people 'Venmo' each other all the time. But have you ever wondered how this fun, emoji laden payments app actually makes money? Well, for years, it hasn't. But now Venmo is on the cusp of profitability for its parent company, Paypal.
U.S. stocks slipped amid another busy day for corporate earnings, which featured mixed results from industrial heavyweights Caterpillar and Boeing.
Shares of Facebook FB popped more than 7% in extended trading Wednesday following the release of the social media giant's first-quarter earnings . Facebook reported earnings per share of 85 cents, which was not comparable to analysts' estimates due to a $3 billion legal expense related to a Federal Trade Commission inquiry into Facebook's privacy policies. Revenue came in at $15.08 billion, topping Wall Street's $14.98 billion forecast, according to Refinitiv.
PayPal reported Q1 adjusted earnings that topped consensus estimates as revenue met views. PayPal stock climbed although total payment volume growth disappointed.
The payments pioneer grew its active accounts base by 15% in the first quarter. The company says it now has 277 million active accounts.
On a per-share basis, the San Jose, California-based company said it had profit of 56 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 78 cents per share. The results ...
Shares of PayPal have risen 28 percent this year, as analysts expected the company to continue reaping benefits from a strong e-commerce market and hopes that Venmo will soon turn a profit. PayPal’s stock fell as much as 3.14 percent in extended trading on Wednesday following the earnings report. For the first time, PayPal disclosed the number of people active on Venmo, or those who have made at least one transaction in the past 12 months: 40 million.
Venmo had 40 million users at the end of the first quarter, PayPal says. Total payments volume for Venmo grew 73 percent year over year to $21 billion in the first quarter, PayPal says. Popular payment app Venmo has ushered in 40 million users to the platform, its parent company PayPal announced on Wednesday.
PayPal Holdings Inc. beat first-quarter earnings and revenue estimates on Wednesday, while also releasing active-account data on its Venmo service for the first time.
GAAP EPS of $0.56, increasing 34%; non-GAAP EPS of $0.78, increasing 37%$0.08 EPS benefit related to PayPal’s strategic investment in MercadoLibre
Warning! GuruFocus has detected 4 Warning Sign with PYPL. PayPal is one of the largest companies in the fintech sector, with a market cap of more than $125 billion, and it doesn't look like the company is going to stop growing any time soon. The allure to PayPal is multifold, catering fintech services to millennials, entrepreneurs and those looking for security in online purchases.
What's Jim Cramer watching during the earnings reports after the bell? He gives one key metic to watch for Facebook, Microsoft, and PayPal earnings in 60 seconds.
Investing.com - PayPal Holdings Inc (NASDAQ:PYPL) reported first quarter earnings that Beat analysts' expectations on Wednesday and revenue that was inline with forecasts.
The stock market reversed modestly higher Wednesday morning, as the Nasdaq composite reached a record high. The Nasdaq erased a small loss to climb past the prior high of 8133.30.
is expected to report earnings of 68 cents a share on sales of $4.1 billion after the market closes Wednesday, based on a FactSet survey of 40 analysts. Quarterly estimates have risen less than 1 cent a share in the past month. TheStreet's Eric Jhonsa noted in a recent Tech Check column that Venmo, a peer-to-peer payment system popular with millennials and GenXers, is poised to become an important growth driver for PayPal.
Venmo has changed the way individuals move money. Its emoji-filled newsfeed shows a steady stream of daily payments – from roommates sending each other utilities and rent checks to friends paying each other back for yesterday's lunch or last night's bar tab. But have you ever wondered how Venmo actually makes money? For years, it hasn't. Now though, Venmo is on the cusp of profitability for its parent company, PayPal.
PayPal Holdings heads into its first quarter earnings report as a somewhat controversial stock. UBS downgraded PayPal stock while Barclays and Morgan Stanley raised their price targets.
Fortive's (FTV) first-quarter results are likely to benefit from strong product portfolio and healthy contribution from acquisitions. However, end-market cyclicality might impact its earnings.