Investing.com - PayPal Holdings Inc (NASDAQ:PYPL) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PayPal Holdings Inc announced earnings per share of $1.08 on revenue of $6.85B. Analysts polled by Investing.com anticipated EPS of $0.96 on revenue of $6.82B.
PayPal Holdings Inc shares are down 12% from the beginning of the year and are trading at $70.69 , down-from-52-week-high.
PayPal Holdings Inc shares lost 7.66% in after-hours trade after 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, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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