October 20, 2016Blog Posts

Paypal shares rally after revenue tops expectations



Paypal reported earnings Thursday after the bell, meeting Wall Street expectations of 35 cents per share, and beating revenue expectations. Paypal posted third-quarter revenues of $2.67 billion, beating estimates of $2.65 billion. The company’s stock was up more than 3 percent in choppy after-hours trade. The payments company said it expects fourth-quarter revenue between $2.92 billion and $2.99 billion. It also expects non-GAAP EPS of between 40 cents and 42 cents.


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