Categories AlphaGraphs, Earnings, Finance
Infographic: Highlights of PayPal Holdings (NASDAQ: PYPL) Q1 2020 Earnings Report
Payment service provider PayPal Holdings Inc. (NASDAQ: PYPL) reported weaker-than-expected earnings and revenues for the first quarter of 2020. The stock dropped sharply during Wednesday’s extended trading session. The company also provided guidance for the second quarter, but withdrew the full-year outlook issued earlier.
Total payment volumes grew 19% to $191 billion in the March-quarter. Consequently, revenues moved up to $4.62 billion from $4.13 billion last year. Analysts had forecast a faster growth.
Adjusted profit remained unchanged at $0.66 per share, contrary to expectations for an increase. Net income, including special items, was $84 million or $0.07 per share, compared to $667 million or $0.56 per share in the first quarter of 2019.
PayPal’s shares closed Wednesday’s regular trading at an all-time high of $128.31. The stock has gained 16% since the beginning of the year.
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was