Investing.com - PayPal (NASDAQ:PYPL) Holdings Inc reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PayPal Holdings Inc announced earnings per share of $0.88 on revenue of $6.48B. Analysts polled by Investing.com EPS of $0.8777 on revenue of $6.4B.
PayPal Holdings Inc 's are down 56% and is trading at $86.21 , still down 73.33% from its 52 week high of $309.76 set on Monday, July 26, 2021.
PayPal Holdings Inc shares gained 4.36% to trade at $86.21 in after-hours trade the report.
PayPal Holdings Inc follows other major Information Technology sector earnings this month
PayPal Holdings Inc's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.22 on revenue of $49.36B, EPS of $2.19 on revenue of $49.01B.
Taiwan Semiconductor had beat expectations on Thursday, April 14, 2022 with first quarter EPS of $1.35 on revenue of $16.94B, for EPS of $1.27 on revenue of $16.73B.
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