PayPal Q3 Earnings Beat Estimates at $1.45 Per Share, Revenue Falls Short of Forecasts

PayPal Holdings Inc. (PYPL) on Tuesday reported third-quarter net income of $1.07 billion, or $1.25 per share, with adjusted earnings of $1.45 per share surpassing the $1.31 average estimate of 11 analysts surveyed by Zacks Investment Research. Revenue for the quarter came in at $8.58 billion, missing the $8.7 billion forecast from nine Zacks-surveyed analysts. The San Jose, California-based digital payments company said earnings, adjusted for non-recurring costs, reflected continued performance across its technology platform. For the current quarter ending in December, PayPal expects per-share earnings of $1.43, and full-year earnings of $5.60 per share.