Categories AlphaGraphs, Earnings, Finance
Infographic: Highlights of PayPal’s (PYPL) Q3 2020 earnings
PayPal Holdings Inc. (NASDAQ: PYPL) reported stronger-than-expected earnings and revenues for the third quarter of 2020. But shares of the payment service provider dropped during Monday’s extended trading session as its guidance fell short of expectations.
Payment volumes grew 38% to $247 billion in the September-quarter. Consequently, total revenues moved up 25% to $5.46 billion. Analysts had forecast slower growth.
Adjusted profit rose to $1.07 per share from last year’s $0.76 per share and exceeded expectations. Net income, including special items, was $1.02 billion or $0.86 per share, compared to $462 million or $0.39 per share in the third quarter of 2019.
Read management/analysts’ comments on PayPal’s Q3 earnings
PayPal’s shares closed Monday’s regular trading at $187.76, after gaining more than 70% since the beginning of the year
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
