Categories AlphaGraphs, Earnings, Finance
PYPL Earnings: PayPal Holdings Q3 revenue up 13%; profit beats estimates
Payment solutions firm PayPal Holdings Inc. (NASDAQ: PYPL) reported stronger-than-expected earnings for the third quarter of 2021. The company’s stock gained during Monday’s extended trading session soon after the announcement.
Total payment volumes grew 26% year-over-year to $310 billion in the September quarter. Consequently, total revenues moved up 13% to $6.18 billion. Analysts had forecast a faster top-line growth.
Adjusted profit rose to $1.11 per share from last year’s $1.07 per share and exceeded expectations. Net income, including special items, was $1.08 billion or $0.92 per share, compared to $1.02 billion or $0.86 per share in the third quarter of 2020.
Read management/analysts’ comments on PayPal’s Q1 earnings
PayPal’s shares closed Monday’s regular trading session higher, after gaining around 22% since the beginning of the year.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Take-Two Interactive (TTWO) Q4 earnings decline, revenue up 11%
Gaming company Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced fourth-quarter 2022 results Monday after the closing bell, reporting an 11% revenue growth. Fourth-quarter revenues rose to $930.0 million from $839.4
Pinterest (PINS): Here are a few points to keep in mind if you have an eye on this stock
Shares of Pinterest Inc. (NYSE: PINS) stayed in green territory on Monday. The stock has dropped 40% year-to-date and 62% in the past 12 months. There is a mixed sentiment
Stock Watch : Here’s What You Need to Know before investing in Kellogg (K)
Food companies have performed better than most other sectors during the pandemic as government restrictions forced people to cook at home. Investors, in general, find the stocks of such companies
