PayPal Q3 revenue misses estimates, shares fall over 5%
Briefing by News4U · First published
PayPal reported third-quarter revenue of $8.58 billion, below the $8.71 billion estimate, while adjusted EPS beat forecasts.
PayPal reported third-quarter net revenue of $8.58 billion, up 2% year-over-year but below the $8.71 billion market estimate, according to Wall Street CN. [1]
Adjusted operating income reached $1.61 billion, up 2.9%, exceeding the $1.42 billion estimate. Adjusted EPS was $1.45, above the $1.31 forecast. [1]
The company raised its full-year adjusted EPS guidance to about $5.60 from $5.38 and expects fourth-quarter adjusted EPS of about $1.43. Shares fell more than 5% in premarket trading. [1]
Sources
- 快讯
Wall Street CN · · Full text