Investing.com - PayPal Holdings Inc (NASDAQ:PYPL) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
PayPal Holdings Inc announced earnings per share of $0.66 on revenue of $4.62B. Analysts polled by Investing.com anticipated EPS of $0.76 on revenue of $4.75B. That with comparison to EPS of $0.78 on revenue of $4.13B in the same period a year before.PayPal Holdings Inc had reported EPS of $0.86 on revenue of $4.96B in the previous quarter.Analysts are expecting EPS of $0.77 and revenue of $4.81B in the upcoming quarter.
PayPal Holdings Inc shares are up 18% from the beginning of the year and are trading at $124.94 , down-from-52-week-high.They are outperforming the Nasdaq which is down 2.05% year to date.
PayPal Holdings Inc shares lost 2.61% in after-hours trade the report.
PayPal Holdings Inc follows other major Financial sector earnings this month
PayPal Holdings Inc's report follows an earnings missed by Berkshire Hathaway on Saturday, who reported EPS of $3608.56 on revenue of $26.06B, compared to forecasts EPS of $3777.89 on revenue of $63.31B.
JPMorgan had missed expectations on April 14 with first quarter EPS of $0.78 on revenue of $29.07B, compared to forecast for EPS of $1.87 on revenue of $29.54B.
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