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PayPal earnings beat expectations, but company lowers target for margin growth

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PayPal earnings beat expectations, but company lowers target for margin growth
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Company scoops up a new CFO in Jamie Miller, who formerly served in that role at EY

PayPal Holdings Inc. topped revenue and earnings expectations Wednesday afternoon, though the company lowered its target on a margin-expansion metric for the year.

On an adjusted basis, PayPal PYPL, -0.27% posted earnings per share of $1.30, up from $1.08 a year before, while the FactSet consensus was for $1.23.

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