Company News: PayPal (PYPL) quarterly earnings beat analysts’ forecast

Market news

3 November 2020

Company News: PayPal (PYPL) quarterly earnings beat analysts’ forecast

PayPal (PYPL) reported Q3 FY 2020 earnings of $1.07 per share (versus $0.61 per share in Q3 FY 2019), beating analysts’ consensus estimate of $0.94 per share.

The company’s quarterly revenues amounted to $5.459 bln (+24.7% y/y), roughly in line with analysts’ consensus estimate of $5.412 bln.

The company also issued guidance for Q4 FY 2020, projecting EPS growth of +17-18% y/y, or ~$1.01 (versus analysts’ consensus estimate of $1.07) and revenues of up +20-25% y/y, or $5.95-6.20 bln (versus analysts’ consensus estimate of $6.10 bln).

PYPL fell to $177.40 (-5.52%) in pre-market trading.

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