Investing.com - PayPal Holdings Inc (NASDAQ:PYPL) reported first quarter earnings that Beat analysts' expectations on Wednesday and revenue that was inline with forecasts.
The firm reported earnings per share of $0.78 on revenue of $4.13B. Analysts polled by Investing.com expected EPS of $0.68 on revenue of $4.13B. That compared to EPS of $0.57 on revenue of $3.69B in the same period a year earlier. The company had reported EPS of $0.69 on revenue of $4.23B in the previous quarter.
PayPal Holdings Inc shares lost 1.14% to trade at $106.00 in after-hours trade following the report.
PayPal Holdings Inc follows other major Financial sector earnings this month
On April 12, JPMorgan reported first quarter EPS of $2.65 on revenue of $29.85B, compared to forecasts of EPS of $2.35 on revenue of $28.44B.
Bank of America earnings Beat analysts' expectations on April 16, with first quarter EPS of $0.7 on revenue of $23B. Investing.com analysts expected EPS of $0.66 on revenue of $23.16B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar