Investing.com - PayPal Holdings Inc (NASDAQ:PYPL) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PayPal Holdings Inc announced earnings per share of $0.88 on revenue of $6.48B. Analysts polled by Investing.com anticipated EPS of $0.8777 on revenue of $6.4B.
PayPal Holdings Inc shares are down 56% from the beginning of the year and are trading at $86.63 , down-from-52-week-high.They are under-performing the Nasdaq which is down 20.17% from the start of the year.
PayPal Holdings Inc shares gained 4.87% in after-hours trade the report.
PayPal Holdings Inc follows other major Information Technology sector earnings this month
PayPal Holdings Inc's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.22 on revenue of $49.36B, compared to forecasts EPS of $2.19 on revenue of $49.01B.
Taiwan Semiconductor had beat expectations on Thursday, April 14, 2022 with first quarter EPS of $1.35 on revenue of $16.94B, compared to forecast for EPS of $1.27 on revenue of $16.73B.
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