Investing.com - PayPal Holdings Inc (NASDAQ:PYPL) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PayPal Holdings Inc announced earnings per share of $1.07 on revenue of $5.46B. Analysts polled by Investing.com anticipated EPS of $0.94 on revenue of $5.42B.
PayPal Holdings Inc shares are up 73% from the beginning of the year and are trading at $184.70 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 26.93% from the start of the year.
PayPal Holdings Inc shares lost 1.69% in after-hours trade after the report.
PayPal Holdings Inc follows other major Financial sector earnings this month
PayPal Holdings Inc's report follows an earnings beat by JPMorgan on Tuesday, October 13, 2020, who reported EPS of $2.92 on revenue of $29.94B, compared to forecasts EPS of $2.23 on revenue of $28.22B.
UnitedHealth had beat expectations on Wednesday, October 14, 2020 with third quarter EPS of $3.51 on revenue of $65.12B, compared to forecast for EPS of $3.11 on revenue of $63.79B.
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