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PayPal Holdings Inc Earnings Beat, Revenue Misses In Q3 -Breaking

by Mike Robinson

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© Reuters PayPal Holdings Inc Earnings Beat, Revenue Misses In Q3

Investing.com PayPal Holdings Inc (NASDAQ:) Monday’s third quarter report showed revenue that was below analysts’ expectations and beat forecasts.

PayPal Holdings Inc declared earnings per share (EPS) of $1.11 for revenue $6.18B. Investing.com polled analysts and predicted an EPS of $1.07 for $6.23 billion in revenue.

PayPal Holdings Inc shares rose 4.36% over the first of the year but are down 25.91% from their 52-week peak of $309.76, which was set on July 26. They have outperformed the Nasdaq by 24.01% over the same period.

After-hours trading saw PayPal Holdings Inc share gains of 0.83% following the report.

PayPal Holdings Inc is following other financial sector earnings this month

PayPal Holdings Inc reported on Saturday after Berkshire Hathaway A missed earnings. They reported an EPS report of $4302.7 on revenues of $73.08B. That compares with Berkshire Hathaway A forecasts for EPS figures of $4536.17 and revenue of $72.79B.

JPMorgan exceeded expectations by beating forecasts on October 13, with third-quarter EPS of 3.74 on $30.44B revenue. This compares to the $3.79B for revenue of $29.79B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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