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HomeMarketPayPal Holdings Inc Earnings, Revenue Beat in Q3 By Investing.com

PayPal Holdings Inc Earnings, Revenue Beat in Q3 By Investing.com

© Reuters. PayPal Holdings Inc Earnings, Revenue Beat in Q3
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Investing.com – PayPal Holdings Inc (NASDAQ:) reported on Thursday third quarter that beat analysts’ forecasts and revenue that topped expectations.

PayPal Holdings Inc announced earnings per share of $1.08 on revenue of $6.85B. Analysts polled by Investing.com anticipated EPS of $0.96 on revenue of $6.82B.

PayPal Holdings Inc shares are down 12% from the beginning of the year, still down 66.99% from its 52 week high of $231.92 set on November 4, 2021.

PayPal Holdings Inc shares lost 7.66% in after-hours trade following the report.

PayPal Holdings Inc follows other major Information Technology sector earnings this month

PayPal Holdings Inc’s report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.

Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

Story Credit: investing.com

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