Investing.com - PayPal Holdings Inc (NASDAQ:PYPL) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PayPal Holdings Inc announced earnings per share of $0.93 on revenue of $6.81B. Analysts polled by Investing.com anticipated EPS of $0.8683 on revenue of $6.77B.
PayPal Holdings Inc shares are down 52% from the beginning of the year and are trading at $102.48 , down-from-52-week-high.They are under-performing the Nasdaq which is down 21.07% from the start of the year.
PayPal Holdings Inc shares gained 14.34% 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 Apple on Thursday, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on Tuesday, July 26, 2022 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.
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