Investing.com – PayPal Holdings Inc (NASDAQ:) Wednesday’s first quarter report showed revenue exceeding expectations and surpassing analysts’ predictions.

PayPal Holdings Inc reported earnings per share at $0.88 on $6.48B in revenue. Investing.com polled analysts and predicted EPS at $0.8777 for revenue $6.4B.

PayPal Holdings Inc shares fell 56% over the first year. This is still a drop of 73.33% from PayPal Holdings Inc’s 52-week peak of $309.76, which was set July 26, 2021. Their performance is below the, which has fallen 20.32% since the beginning of the year.

After-hours trading saw PayPal Holdings Inc share gains of 4.36% following the report.

PayPal Holdings Inc. follows other notable earnings from the Information Technology Sector this month

PayPal Holdings Inc.’s earnings beat was achieved by Microsoft on Tuesday. Microsoft reported an EPS figure of $2.22 for revenue $49.36B. Forecasts had EPS figures of $2.19 for revenue $49.01B.

Taiwan Semiconductor beat all expectations with first quarter earnings per share of $1.35 on $16.94B in revenue, as compared to $1.27 forecast on $16.73B revenue.

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