Here’s how the company did compared with what Wall Street expected:
Earnings per share: 58 cents vs. 57 cents, forecast by Thomson Reuters
Revenue: $3.86 billion vs. $3.81 billion, forecast by Thomson Reuters
For the third-quarter, PayPal’s profit forecast was in-line with analyst expectations, but its revenue outlook fell short. The company said it expects adjusted earnings per share between 53 cents and 55 cents on revenue between $3.62 billion and $3.67 billion. Analysts had projected third-quarter earnings of 54 cents a share on revenue of $3.71 billion, according to Thomson Reuters consensus estimates.