PayPal CEO touts ‘next generation digital wallet’ after earnings beat
PayPal shares rose as much as 5.5% in extended trading on Wednesday after reporting first-quarter earnings that were stronger than analysts had expected. Here’s how the company did:
-Earnings per share: $1.22, adjusted, vs. $1.01 per share expected in a ------Refinitiv survey of analysts
-Revenue: $6.03 billion vs. $5.90 billion expected by Refinitiv
Total payment volume: $285 billion vs. $265 billion expected in a FactSet
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