PayPal's 1Q Adjusted EPS Rises, Beats Analysts Expectations
By Allison Prang
PayPal Holdings Inc. reported higher revenue and profit in the
Earnings were 92 cents a share, up from seven cents a share in
the comparable quarter a year ago. PayPal had estimated earnings
per share for the quarter at 70 cents.
Adjusted earnings were $1.22 a share. Analysts were expecting
adjusted earnings of $1.01 a share.
The company said revenue rose 31% to $6.03 billion. According to
FactSet, Wall Street expected the company's top line to be $5.91
At the end of the quarter, the company had 392 million active
accounts, up 21% from a year ago, PayPal said. It had 42.2
transactions per active account.
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(END) Dow Jones Newswires
May 05, 2021 16:32 ET (20:32 GMT)
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