PayPal Holdings Inc (NASDAQ:PYPL) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PayPal Holdings Inc announced earnings per share of $0.86 on revenue of $4.96B. Analysts polled by anticipated EPS of $0.83 on revenue of $4.94B. That with comparison to EPS of $0.69 on revenue of $4.23B in the same period a year before. PayPal Holdings Inc had reported EPS of $0.61 on revenue of $4.38B in the previous quarter. Analysts are expecting EPS of $0.82 and revenue of $4.85B in the upcoming quarter.
PayPal Holdings Inc shares are up 7% from the beginning of the year and are trading at $114.00 , still down 3.98% from its 52 week high of $121.48 set on July 16, 2019. They are outperforming the NASDAQ 100 which is up 3.4% year to date.
PayPal Holdings Inc shares lost 2.27% in after-hours trade after the report.
PayPal Holdings Inc follows other major Financial sector earnings this month
PayPal Holdings Inc's report follows an earnings beat by JPMorgan on January 14, who reported EPS of $2.57 on revenue of $29.21B, compared to forecasts EPS of $2.35 on revenue of $27.87B.
Mastercard had beat expectations on Wednesday with fourth quarter EPS of $1.96 on revenue of $4.41B, compared to forecast for EPS of $1.87 on revenue of $4.4B.
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