© Reuters. PayPal Holdings Inc Earnings, Revenue Beat in Q1
Investing.com – PayPal Holdings Inc (NASDAQ:) reported on Wednesday first quarter that beat analysts’ forecasts and revenue that topped expectations.
PayPal Holdings Inc announced earnings per share of $0.88 on revenue of $6.48B. Analysts polled by Investing.com anticipated EPS of $0.8777 on revenue of $6.4B.
PayPal Holdings Inc shares are down 56% from the beginning of the year, still down 73.33% from its 52 week high of $309.76 set on July 26, 2021. They are under-performing the which is down 20.32% from the start of the year.
PayPal Holdings Inc shares gained 4.36% 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 Microsoft on Tuesday, who reported EPS of $2.22 on revenue of $49.36B, compared to forecasts EPS of $2.19 on revenue of $49.01B.
Taiwan Semiconductor had beat expectations on April 14 with first quarter EPS of $1.35 on revenue of $16.94B, compared to forecast for EPS of $1.27 on revenue of $16.73B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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