PayPal Holdings, Inc. Q1 adjusted earnings Beat Estimates

PayPal Holdings, Inc. (PYPL) released earnings for its first quarter that rose from the same period last year.

The company's profit came in at $1.10 billion, or $0.92 per share. This compares with $0.08 billion, or $0.07 per share, in last year's first quarter.

Excluding items, PayPal Holdings, Inc. reported adjusted earnings of $1.46 billion or $1.22 per share for the period.

Analysts had expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 30.5% to $6.03 billion from $4.62 billion last year.

PayPal Holdings, Inc. earnings at a glance:

-Earnings (Q1): $1.46 Bln. vs. $0.79 Bln. last year.
-EPS (Q1): $1.22 vs. $0.66 last year.
-Analysts Estimate: $1.01
-Revenue (Q1): $6.03 Bln vs. $4.62 Bln last year.

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