Earnings

PayPal (PYPL) earnings Q2 2021

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The PayPal application can be seen on a mobile phone.

Felix Kästle | picture alliance | Getty Images

PayPal shares fell as much as 8% in extended trading on Wednesday after reporting second-quarter revenues that were weaker than analysts had expected.

Here’s how the company did versus expectations:

  • Earnings per share: $1.15, adjusted, vs. $1.12 expected in a Refinitiv survey of analysts
  • Revenue: $6.24 billion vs. $6.27 billion expected

Second quarter net profit dropped 23% from a year earlier to $1.18 billion, and the company added 11.4 million net new active accounts, for a total of 403 million active accounts.

Revenue grew 19% year over year in the quarter that ended June 30, according to a…



Source cnbc.com

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