Company News: PayPal (PYPL) quarterly results miss analysts’ estimates

Market news

7 May 2020

Company News: PayPal (PYPL) quarterly results miss analysts’ estimates

PayPal (PYPL) reported Q1 FY 2020 earnings of $0.66 per share (versus $0.78 per share in Q1 FY 2019), missing analysts' consensus estimate of $0.74 per share.

The company's quarterly revenues amounted to $4.618 bln (+11.8% y/y), missing analysts' consensus estimate of $4.717 bln.

PayPal also said it expected its Q2 revenue would grow ~13% at current spot rates and ~15% FXN, while its Q2 GAAP EPS would decline by 28-34% and Q2 non-GAAP EPS would grow by 15-20%.

The company withdrew its FY 2020 revenue and earnings guidance.

PYPL rose to $138.00 (+7.55%) in pre-market trading.

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