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RE: LeoThread 2024-10-29 05:12

in LeoFinance • 3 months ago

PayPal beats on earnings but misses on revenue

PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in slightly below expectations.

PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in a bit light of expectations.

#paypal #earnings #finance #technology #fintech

3 months ago in LeoFinance by
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     3 months ago  

    Here's how the company did compared to Wall Street estimates, based on a survey of analysts by LSEG:

    • Earnings per share: $1.20, adjusted vs. $1.07 expected
    • Revenue: $7.85 billion vs. $7.89 billion expected
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       3 months ago  

      Revenue increased about 6% in the quarter from $7.42 billion in the same period a year ago. PayPal reported net income of $1.01 billion, or 99 cents per share, compared to $1.02 billion, or 93 cents per share, a year earlier.

      It's the first earnings report for CEO Alex Chriss since he reached his one-year mark on the job in September. The stock is up 36% this year and 42% since Chriss joined the payments company, which at the time was mired in a deep slump due to increased competition and a declining take rate, or the percentage of revenue PayPal keeps from each transaction.

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