PayPal Lifts Guidance After Earnings, Revenue Beat in Q1 By Investing.com
By Yasin Ebrahim PayPal (NASDAQ:PYPL) raised its outlook on its full-year performance Wednesday after reporting first quarter results that beat analysts' forecasts and revenue that topped expectations. PayPal Holdings Inc shares gained 3.82% in after-hours trade following the report. PayPal Holdings Inc announced earnings per share of $1.22 on revenue of $6.03 billion. Analysts polled by Investing.com anticipated EPS of $1.01 on revenue of $5.91 billion. Total payment volume rose 50%, to $277 billion, in the first quarter from the prior-year period even as net new active accounts fell 28%, to 14.5...
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