PayPal Sees $38 Million Pretax Gain on Strategic Investments in 4Q
January 09 2020 - 8:06PM
Dow Jones News
By Josh Beckerman
PayPal Holdings Inc. (PYPL) expects to report a pretax gain of
$38 million on strategic investments for the fourth quarter.
The company said in a regulatory filing that it expects the gain
will have a positive effect on earnings of 2 cents a share.
PayPal's fourth-quarter earnings guidance of 39 cents to 42
cents a share, given in October, didn't include any expectation of
unrealized gains or losses from its strategic investment
portfolio.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
January 09, 2020 19:51 ET (00:51 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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