Earnings

PayPal (PYPL) earnings Q1 2021

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The PayPal application can be seen on a mobile phone.

Felix Kästle | picture alliance | Getty Images

PayPal shares rose as much as 5.5% in extended trading on Wednesday after reporting first-quarter earnings that were stronger than analysts had expected.

Here’s how the company did:

  • Earnings per share: $1.22, adjusted, vs. $1.01 per share expected in a Refinitiv survey of analysts
  • Revenue: $6.03 billion vs. $5.90 billion expected by Refinitiv
  • Total payment volume: $285 billion vs. $265 billion expected in a FactSet survey

First quarter net profit rose to $1.10 billion from $84 million a year earlier, and the company added 14.5 million net new active accounts, bringing its total user base to 392…



Source cnbc.com

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