SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Paypal Holdings Inc. (PYPL) on Tuesday reported first-quarter earnings of $1.11 billion.
The San Jose, California-based company said it had net income of $1.21 per share. Earnings, adjusted for one-time gains and costs, were $1.34 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The technology platform and digital payments company posted revenue of $8.35 billion in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $8.11 billion.
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