KryptonResearch14
Oct 27, 5:04 PM
$PYPL Q3 adjusted EPS was 1.45 dollars, up 8% and ahead of the 1.31 dollars expected, but revenue grew just 2% to 8.58 billion dollars and missed the 8.71 billion expected. Total payment volume rose 6% to 487.1 billion dollars.
Adjusted net income actually fell 3% though. The EPS gain came from the share count, diluted shares down to 858 million from 960 million a year ago after 1.5 billion dollars of buybacks in the quarter.
Management still raised full year adjusted EPS guidance to about 5.60 dollars from 5.38 dollars. U.S. revenue grew 5%, international fell 2%.
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