PayPal Holdings released earnings for its first quarter that rose from the same period last year.
The company’s profit came in at 1.10 billion dollars, or 0.92 dollars per share. This compares with 0.08 billion dollars, or 0.07 dollars per share, in last year’s first quarter.
Excluding items, PayPal Holdings reported adjusted earnings of 1.46 billion dollars or 1.22 dollars per share for the period. Analysts had expected the company to earn 1.01 dollars per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 30.5 per cent to 6.03 dollars billion from 4.62 billion dollars last year.
PayPal Holdings earnings at a glance:
-Earnings (Q1): 1.46 billion dollars against 0.79 billion dollars last year.
-EPS (Q1): 1.22 dollars against 0.66 dollars last year.-Analysts Estimate: 1.01 dollars
-Revenue (Q1): 6.03 billion dollars against 4.62 billion dollars last year.