PayPal third-quarter profit rises 7% on online payments shift -Breaking
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(Reuters) – PayPal Holdings Inc (NASDAQ:) Monday’s nearly 7% increase in profit for the third quarter was due to higher use of digital payment methods and increased transactions through Venmo, its peer-to–peer payment platform.
From $1.02 Billion, which was 86cs/share a year ago, the company’s net profit rose to $1.09 Billion, or 92 Cents per Share, during the three-months ended September 30.
According to Refinitiv’s IBES data, analysts had on average expected profits of $1.07 per shares.
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