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PYPL PayPal Holdings Inc

65.4192
-1.56 (-2.33%)
Last Updated: 19:53:38
Delayed by 15 minutes
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
  -1.56 -2.33% 65.4192 65.41 65.42 67.89 64.72 67.64 10,865,786 19:53:38

PayPal 3Q Revenue Beats Forecasts

01/11/2023 9:15pm

Dow Jones News


PayPal (NASDAQ:PYPL)
Historical Stock Chart


From May 2023 to May 2024

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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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