© Reuters. PayPal Holdings Inc Earnings, Revenue Beat in Q4
Investing.com – PayPal Holdings Inc (NASDAQ:PYPL) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PayPal Holdings Inc announced earnings per share of $1.08 on revenue of $6.12B. Analysts polled by Investing.com anticipated EPS of $0.9955 on revenue of $6.08B.
PayPal Holdings Inc shares are up 5.22% from the beginning of the year, still down 0.98% from its 52 week high of $254.39 set on January 22. They are outperforming the S&P 500 which is up 1.97% from the start of the year.
PayPal Holdings Inc shares gained 0.97% in after-hours trade following the report.
PayPal Holdings Inc follows other major Financial sector earnings this month
PayPal Holdings Inc's report follows an earnings beat by JPMorgan on January 15, who reported EPS of $3.79 on revenue of $30.16B, compared to forecasts EPS of $2.62 on revenue of $28.67B.
Mastercard had beat expectations on January 28 with fourth quarter EPS of $1.64 on revenue of $4.12B, compared to forecast for EPS of $1.52 on revenue of $4B.
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