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
ExxonMobil (XOM) Earnings: Q2 numbers top expectations
Energy giant ExxonMobil Corporation (NYSE: XOM) reported a profit for the second quarter of 2021, compared to a loss last year, even as operating conditions continued to improve. The results
Caterpillar reports a 29% rise in revenue in Q1
Caterpillar Inc (NYSE: CAT) reported second-quarter 2021 financial results before the regular market hours on Friday. The manufacturer of construction machinery and equipment reported Q2 revenue of $12.9 billion, up
Key highlights from Chevron (CVX) Q2 2021 earnings results
Chevron Corporation (NYSE: CVX) reported second-quarter 2021 earnings results today. Total revenues amounted to $37.5 billion compared to $13.4 billion in the year-ago period. The reported net income was $3.1
