4 Critical Things You Need to Know to Understand PayPal's Earnings
Digital payment processor PayPal (NASDAQ: PYPL) released its first-quarter financial report after the market close on Wednesday. Net revenue grew to $4.62 billion, up 12% year over year, while earnings per share (EPS) of $0.07 declined 87%. Not much to write home about at first glance.
On an adjusted basis, EPS was slightly more palatable, coming in at $0.66. For context, analysts' consensus estimates were looking for revenue of $4.74 billion and adjusted EPS of $0.68, so PayPal missed on both the top and bottom line.
However, a look beyond the headline numbers reveals a much different picture, showing why PayPal stock is up 13% since the report.
Source Fool.com
