October 20, 2016Blog Posts

Paypal shares rally after revenue tops expectations

 

CNBC:

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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