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PayPal Holdings Inc announced earnings per share of $0.66 on revenue of $4.62B. Analysts polled by Investing.com anticipated EPS of $0.76 on revenue of $4.75B. That with comparison to EPS of $0.78 on revenue of $4.13B in the same period a year before. PayPal Holdings Inc had reported EPS of $0.86 on revenue of $4.96B in the previous quarter. Analysts are expecting EPS of $0.77 and revenue of $4.81B in the upcoming quarter.
PayPal Holdings Inc shares are up 18% from the beginning of the year , still down 0.99% from its 52 week high of $129.57 set on May 6. They are outperforming the Nasdaq which is down 2.05% year to date.
PayPal Holdings Inc shares lost 2.61% in after-hours trade following the report.
PayPal Holdings Inc’s report follows an earnings missed by Berkshire Hathaway on Saturday, who reported EPS of $3608.56 on revenue of $26.06B, compared to forecasts EPS of $3777.89 on revenue of $63.31B.
JPMorgan had missed expectations on April 14 with first quarter EPS of $0.78 on revenue of $29.07B, compared to forecast for EPS of $1.87 on revenue of $29.54B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
