PayPal’s Solid Q1 2016 Earnings Lifted Stock Price in After-Hours Session

[kreslik.news]

Minutes after the close of the Nasdaq this Wednesday in New York, global technology and payments provider PayPal, listed on the exchange under ticker PYPL, reported first quarter (Q1) earnings with revenue growth of 19% to $2.544 billion, and the positive performance helped lift its share price in the after-hours trading session trading as high as $41.72.

PayPal reported 23% growth during Q1 2016 on an FX-neutral basis and saw a 43% rise in earning per share (EPS) to $0.30 cents per share on a GAAP basis, and 28% on a non-GAAP basis with to $0.37 cps.

The company expanded its ... (read more)