8/102 sources · 2 publishersUpdated Oct 27, 17:11 UTC
PayPal lifts full‑year non‑GAAP EPS guidance after Q3 results
PayPal reported third‑quarter earnings of $1.45 per share and revenue of $8.6 billion, a 2% increase year over year. Net income fell 14% to $1.07 billion, while active accounts rose 0.6% to 440 million. The company raised its full‑year non‑GAAP EPS outlook to $5.60, up from $5.38, and announced a cash dividend of $0.14 per share. CEO Enrique Lores said the firm is seeing its transformation strategy translate into financial results.
Why it matters
The higher full‑year guidance suggests stronger profitability expectations, which could support the stock price. The new dividend provides an additional return to shareholders.
Key facts
- 1Q3 earnings per share were $1.45. investors.com
- 2Q3 net revenue increased 2% to $8.6 billion. finance.yahoo.com
- 3Q3 net income was $1.07 billion, down 14% YoY. finance.yahoo.com
- 4Full‑year non‑GAAP EPS guidance was raised to $5.60, from $5.38. finance.yahoo.com
- 5PayPal declared a cash dividend of $0.14 per share. finance.yahoo.com
- 6Active accounts grew 0.6% to 440 million. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.