Categories AlphaGraphs, Earnings, Finance
Infographic: Highlights of PayPal’s (PYPL) Q4 2020 earnings report
PayPal Holdings Inc. (NASDAQ: PYPL) reported stronger-than-expected earnings and revenues for the fourth quarter of 2020. Shares of the payment service provider gained during Wednesday’s extended trading session soon after the announcement.
Payment volumes grew 39% to $277 billion in the December-quarter. Consequently, total revenues moved up 23% to $6.12 billion. Analysts had forecast slower growth.
Adjusted profit rose to $1.08 per share from last year’s $0.83 per share and exceeded expectations. Net income, including special items, was $1.57 billion or $1.32 per share, compared to $507 million or $0.43 per share in the fourth quarter of 2019.
Read management/analysts’ comments on PayPal’s Q3 earnings
PayPal’s shares closed Wednesday’s regular trading at $1251.90, up 1.2%, after gaining more than 70% since the beginning of the year.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
HD Stock: What’s in store for Home Depot after record second quarter
Home improvement is one of the top activities that kept Americans busy during the pandemic, a trend that enabled The Home Depot, Inc. (NYSE: HD) to beat the crisis and
Target (TGT) stock drops after Q2 earnings miss estimates; revenue up 4%
Department store chain Target Corporation (NYSE: TGT) reported a sharp decline in adjusted earnings for the second quarter of 2022, despite an increase in net sales. The bottom line also fell
Amazon (AMZN) stock remains a good bet despite poor results. Here’s why
Amazon.com, Inc. (NASDAQ: AMZN) became an inspiration for other players in the eCommerce sector as the online retailer successfully channelized its resources to tap into the spike in demand for
