News Formal

PayPal earnings top expectations as company boosts profit forecast

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

PayPal generated first-quarter net income of $795 million, or 70 cents a share, compared with $509 million, or 43 cents a share, in the year-earlier period. $PYPL benefited from strong e-commerce spending and cost-savings initiatives:

PayPal Holdings Inc. beat expectations with its quarterly results Monday, benefiting from strength in e-commerce spending and the results of cost-savings initiatives.PayPal PYPL generated first-quarter net income of $795 million, or 70 cents a share, compared with $509.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Big Tech has made earnings look better, but here come Disney and PayPalMuch of the first-quarter earnings blizzard has passed, and the results, overall, haven't been as bad as expected, thanks to Apple, Amazon and Microsoft.
Source: MarketWatch - 🏆 3. / 97 Read more »