PayPal Holdings, Inc. Q1 Profit Drops, Inline With Estimates

PayPal Holdings, Inc. (PYPL) announced earnings for first quarter that decreased from the same period last year in line with the Street estimates.

The company's bottom line totaled $0.51 billion, or $0.43 per share. This compares with $1.10 billion, or $0.92 per share, in last year's first quarter.

Excluding items, PayPal Holdings, Inc. reported adjusted earnings of $1.03 billion or $0.88 per share for the period.

Analysts on average had expected the company to earn $0.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.5% to $6.48 billion from $6.03 billion last year.

PayPal Holdings, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $0.51 Bln. vs. $1.10 Bln. last year.
-EPS (Q1): $0.43 vs. $0.92 last year.
-Analyst Estimates: $0.88
-Revenue (Q1): $6.48 Bln vs. $6.03 Bln last year.

Next quarter EPS guidance: Adj; $0.86
Full year EPS guidance: Adj; $3.81-$3.93

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