SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Paypal Holdings Inc. (PYPL) on Tuesday reported second-quarter net income of $1.1 billion.
The San Jose, California-based company said it had profit of $1.25 per share. Earnings, adjusted for one-time gains and costs, came to $1.38 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The technology platform and digital payments company posted revenue of $8.68 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $8.51 billion.
Paypal expects full-year earnings to be $5.38 per share.
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