Earnings

PayPal (PYPL) earnings Q3 2021

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The PayPal application can be seen on a mobile phone.

Felix Kästle | picture alliance | Getty Images

PayPal reported revenue growth for the third quarter of 13% on Monday and said it’s teaming up with Amazon to let U.S. customers pay with Venmo at checkout, starting in 2022.

However, after initially rising in extended trading, PayPal shares reversed course and fell 5% after the company issued a revenue forecast for next year that missed analysts’ estimates.

Here’s how the company did versus expectations:

  • Earnings per share: $1.11, adjusted, vs. $1.07 expected in a Refinitiv survey of analysts
  • Revenue: $6.18 billion vs. $6.23 billion expected

Total payment volume rose 26% to $310 billion for…



Source cnbc.com

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