PayPal (PYPL) PT Raised to $47 at Credit Suisse; Results Just 'Ok' But Visability Increases Conviction
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PayPal Reports Strong Third Quarter Results
October 20, 2016 4:05 PM EDT
Revenue increased 18% to $2.667 billion, 21% FX-neutral revenue growth
GAAP
EPS increased 8% to $0.27 and non-GAAP EPS increased 14% to $0.35
SAN JOSE, Calif.--(BUSINESS WIRE)-- Global technology platform and digital payments leader PayPal Holdings, Inc. (Nasdaq: PYPL) today announced strong third quarter results for the period ended September 30, 2016. For the quarter, PayPal deepened engagement on its platform, advanced its commitment to customer choice, gained share, continued its strong momentum in mobile payments, expanded its customer base and delivered innovative products.
Financial highlights for the third quarter include:
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