Paypal: Q1 Earnings Snapshot
SAN JOSE, Calif. (AP) _ Paypal Holdings Inc. (PYPL) on Wednesday reported first-quarter earnings of $509 million.
The San Jose, California-based company said it had net income of 43 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 88 cents per share.
The results met Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was also for earnings of 88 cents per share.
The technology platform and digital payments company posted revenue of $6.48 billion in the period, which topped Street forecasts. Eleven analysts surveyed by Zacks expected $6.41 billion.
For the current quarter ending in July, Paypal expects its per-share earnings to be 86 cents.
The company expects full-year earnings in the range of $3.81 to $3.93 per share.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PYPL at https://www.zacks.com/ap/PYPL