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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| PayPal Holdings Inc | NASDAQ:PYPL | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.51 | 0.82% | 63.02 | 62.97 | 63.06 | 63.56 | 61.77 | 62.73 | 14,286,004 | 01:00:00 |
From Jun 2023 to Jun 2024
By Denny Jacob
PayPal posted better-than-expected revenue in the third quarter.
The San Jose, Calif.-based payments company posted net income of $1.02 billion, or 93 cents a share, for the three months ended Sept. 30, down from $1.33 billion, or $1.15 a share, a year earlier. Adjusted earnings were $1.30 a share, above analysts' estimates of $1.23 a share.
Revenue rose to $7.42 billion from $6.85 billion. Analysts polled by FactSet expected $7.39 billion.
PayPal logged total payment volume of $387.7 billion, representing growth of 15% and 13% on a foreign-currency neutral basis.
In a separate announcement, PayPal said it named Jamie Miller as chief financial officer effective Nov. 6.
The executive change follows Alex Chriss being tapped as its chief executive in August. Chriss took the reins on Sept. 27.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
November 01, 2023 17:00 ET (21:00 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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