Investing.com - PayPal Holdings Inc reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PayPal Holdings Inc announced earnings per share of $1.07 on revenue of $5.26B. Analysts polled by Investing.com anticipated EPS of $0.87 on revenue of $4.99B.
PayPal Holdings Inc shares are up 70% from the beginning of the year , still down 0.41% from its 52 week high of $185.43 set on Wednesday, July 29, 2020. They are outperforming the Nasdaq 100 which is up 22.1% year to date.
PayPal Holdings Inc shares gained 0.05% in after-hours trade 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, July 14, 2020, who reported EPS of $1.38 on revenue of $33.82B, compared to forecasts EPS of $1.15 on revenue of $30.41B.
UnitedHealth had beat expectations on Wednesday, July 15, 2020 with second quarter EPS of $7.12 on revenue of $62.14B, compared to forecast for EPS of $5.28 on revenue of $63.48B.
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