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PayPal Holdings Inc Earnings, Revenue Beat in Q2

Stock Markets Aug 02, 2022 04:27PM ET

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PayPal Holdings Inc Earnings, Revenue Beat in Q2

Investing.com - PayPal Holdings Inc (NASDAQ:PYPL) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.

PayPal Holdings Inc announced earnings per share of $0.93 on revenue of $6.81B. Analysts polled by Investing.com anticipated EPS of $0.8683 on revenue of $6.77B.

PayPal Holdings Inc shares are down 2% from the beginning of the year, still down 69.79% from its 52 week high of $296.70 set on September 8, 2021. They are outperforming the Nasdaq 100 which is down 20.95% from the start of the year.

PayPal Holdings Inc shares gained 11.35% in after-hours trade following the report.

PayPal Holdings Inc follows other major Information Technology sector earnings this month

PayPal Holdings Inc's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.

Microsoft had missed expectations on July 26 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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