Categories AlphaGraphs, Earnings, Finance
PYPL Earnings: Everything you need to know about PayPal’s Q1 2023 results
Payment solutions firm PayPal Holdings Inc. (NASDAQ: PYPL) announced financial results for the first quarter of 2023, reporting higher earnings and revenues.
First-quarter revenues rose 9% year-over-year to $7.04 billion amid strong growth in payment volumes. The company reported an operating cash flow of $1.2 billion and a free cash flow of $1.0 billion
Adjusted earnings were $1.17 per share in the three-month period, compared to $0.88 per share in the corresponding period of last year. On a reported basis, net profit was $795 million or $0.70 per share, compared to $509 million or $0.43 per share last year.
“We are confident in our momentum and are raising our full-year EPS guidance as a result,” said PayPal’s CEO Dan Schulman.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
Ulta Beauty (ULTA) Earnings: 1Q23 Key Numbers
Ulta Beauty, Inc. (NASDAQ: ULTA) reported net sales of $2.6 billion for the first quarter of 2023, up 12.3% from the same period a year ago. Comparable sales grew 9.3%.
Costco (COST) Q3 2023 earnings drop on weak sales growth
Costco Wholesale Corporation (NASDAQ: COST) on Thursday reported a 2% increase in third-quarter 2023 revenues. However, the warehouse behemoth's earnings declined. Third-quarter revenue increased 1.9% to $53.6 billion from $52.6 billion
Key takeaways from Dollar Tree’s (DLTR) Q1 2023 earnings report
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were down 9% on Thursday after the company delivered mixed results for the first quarter of 2023. The discount retailer missed expectations on
