PayPal Shares Rise After Earnings Beat Wall Street View

By MarketsMarketWatch Pulse

PayPal Holdings Inc. shares rose in the extended session Wednesday after the payments company topped Wall Street estimates for the quarter. PayPal shares advanced 4% to $41.59 after hours. The company reported adjusted earnings of 37 cents a share on revenue of $2.54 billion. Analysts surveyed by FactSet had estimated earnings of 35 cents a share on revenue of $2.5 billion. For the second quarter, PayPal expects adjusted earnings of 34 cents to 36 cents a share on revenue of $2.57 billion to $2.62 billion. Analysts estimate 36 cents a share on revenue of $2.57 billion.

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