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
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
