Better-than-expected Q3 figures for PayPal

By: Miguel A. Rodriguez

16:48, 05 November 2020

Despite promising results, stocks traded lower

The online payments system – PayPal reported Q3 figures that came higher-than-expected.

The company has benefited from the fact that people had to pay contactless due to the global pandemic. For #Q3 2020, PayPal reported an EPS of $0.86, above last year’s $0.39. The #revenue came in higher than last year’s $4.38 billion at $5.46 billion. The actual figures were higher than the $5.42 billion expected.

PayPal’s payment volume increased 38% in the quarter reaching $247 million.

In the past quarter, PayPal added 15.2 million new accounts, with the grand total reaching 361 million.

For #Q4, PayPal expects its EPS to increase by up to 47%, while the revenue should grow between 20% and 25%.

Even though the figures came in higher-than-expected, PayPal #stock price #traded 5.7% lower.

Sources: thestreet.com

Share this article

The information presented herein is prepared by capex.com/ae and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only.Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation. 

Key Way Markets Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.