PayPal Holdings Inc (NASDAQ:PYPL) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that was inline with forecasts.
The firm reported earnings per share of $0.69 on revenue of $4.23B. Analysts polled by forecast EPS of $0.67 on revenue of $4.23B. That compared to EPS of $0.55 on revenue of $3.74B in the same period a year earlier. The company had reported EPS of $0.58 on revenue of $3.68B in the previous quarter.
PayPal Holdings Inc shares lost 4.78% to trade at $88.00 in after-hours trade following the report.
PayPal Holdings Inc follows other major Financial sector earnings this month
On January 15, JPMorgan reported fourth quarter EPS of $1.98 on revenue of $26.8B, compared to forecasts of EPS of $2.2 on revenue of $26.84B.
Bank of America earnings beat analyst's expectations on January 16, with fourth quarter EPS of $0.7 on revenue of $22.74B. analysts expected EPS of $0.63 on revenue of $22.35B
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