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.