Categories AlphaGraphs, Earnings, Finance
PayPal Holdings (PYPL) Q1 2021 revenue up 31%; earnings beat
PayPal Holdings Inc. (NASDAQ: PYPL) reported stronger-than-expected earnings and revenues for the first quarter of 2021. Shares of the payment service provider gained during Wednesday’s extended trading session soon after the announcement.
Payment volumes grew 50% year-over-year to $285 billion in the March quarter. Consequently, total revenues moved up 31% to $6.03 billion. Analysts had forecast slower growth.
Adjusted profit rose to $1.22 per share from last year’s $0.66 per share and exceeded expectations. Net income, including special items, was $1.09 billion or $0.92 per share, compared to $84 million or $0.07 per share in the first quarter of 2020.
Read management/analysts’ comments on PayPal’s Q1 earnings
PayPal’s shares closed Wednesday’s regular trading down 1%, after gaining more than 7% 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
BIIB Earnings: Biogen Q1 2024 adj. earnings rise despite lower revenues
Biotechnology firm Biogen Inc. (NASDAQ: BIIB) Wednesday reported an increase in adjusted profit for the first quarter of 2024, despite a decline in revenues. Total revenue declined 7% year-over-year to
Hasbro (HAS) Q1 2024 Earnings: Key financials and quarterly highlights
Hasbro, Inc. (NASDAQ: HAS) reported first quarter 2024 earnings results today. Revenues decreased 24% year-over-year to $757.3 million. Net earnings attributable to Hasbro, Inc. were $58.2 million, or $0.42 per
BA Earnings: Highlights of Boeing’s Q1 2024 financial results
The Boeing Company (NYSE: BA) on Wednesday announced financial results for the first quarter of 2024, reporting a narrower net loss, on an adjusted basis. Revenues dropped 8%. Core loss,
