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30.04.2024

Company news: PayPal (PYPL) posts mixed quarterly results

PayPal (PYPL) reported Q1 FY2024 earnings of $1.08 per share (versus $1.17 per share in Q1 FY2023), missing analysts’ consensus estimate of $1.22 per share.

The company’s quarterly revenues amounted to $7.699 bln (+9.4% y/y), beating analysts’ consensus estimate of $7.516 bln.

PYPL rose to $71.73 (+7.08%) in pre-market trading.

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