PayPal’s Q3 = 31 Cents per Share

After the bell, PayPal (PYPL) reported Q3 earnings of 31 cents per share. This is the first report detached from eBay (EBAY).

“PayPal is entirely focused on digital payments and transforming money for people around the world. This clear focus and our strong value proposition allowed us to deliver strong financial results in the third quarter,” said Dan Schulman, President and CEO of PayPal. “We are operating in a time when change is sweeping through the financial services industry driven by the rise of mobile technology and the acceleration of money becoming digital. These two massive trends play directly to our strengths and we are leveraging this transformation to extend and accelerate our lead.”

For the full-year, PYPL expects earnings to range between $1.23 and $1.27 per share. Wall Street had been expecting $1.25 per share. In the after-hours session, the shares went from being +4% to -5%.

Posted by on October 28th, 2015 at 4:20 pm

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