PayPal (PYPL) - Get Report shares rose after hours after the online payments company reported second-quarter results that topped analyst estimates Wednesday.
The company reported a 22% increase in revenue to $5.26 billion with earnings up 49% to $1.07 per share. Analysts were expecting the company to report revenue of $4.99 billion on earnings of 88 cents per share.
The revenue and earnings for the quarter represented the company's strongest quarter to date.
"In the midst of the COVID-19 pandemic, digital payments have become more important and essential than ever. Our record performance in the second quarter -- our strongest quarter ever -- reaffirms the relevance of PayPal in the unfolding digital future," said CEO Dan Schulman.
https://www.thestreet.com/investing/paypal-climbs-on-q2-earnings-release?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
PayPal (PYPL) - Get Report shares rose after hours after the...
-
- There are more pages in this discussion • 2,757 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)