Investing.com - PayPal (NASDAQ:PYPL) Holdings Inc reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PayPal Holdings Inc announced earnings per share of $1.08 on revenue of $6.85B. Analysts polled by Investing.com EPS of $0.96 on revenue of $6.82B.
PayPal Holdings Inc 's are down 12% and is trading at $70.69 , still down 66.99% from its 52 week high of $231.92 set on Thursday, November 4, 2021.
PayPal Holdings Inc shares lost 7.66% to trade at $70.69 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 Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, for EPS of $2.32 on revenue of $49.86B.
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