PayPal (NASDAQ: PYPL) reported Q1 EPS of $0.66, may not compare to the analyst estimate of $0.75. Revenue for the quarter came in at $4.62 billion versus the consensus estimate of $4.74 billion.

Full Year 2020 Revenue and Earnings Guidance

• PayPal is withdrawing its full year 2020 revenue and earnings guidance.

Second Quarter 2020 Revenue and Earnings Guidance

• PayPal expects revenue to grow ~13% at current spot rates and ~15% FXN.

• PayPal expects GAAP EPS to decline by 28%–34% and non-GAAP EPS to grow by 15%–20%.

• GAAP and non-GAAP earnings per diluted share exclude the impact of incremental credit loss reserves due to macroeconomic projections.

• GAAP earnings per diluted share guidance does not include any expectation of unrealized gains or losses from PayPal’s strategic investment portfolio in the second quarter of 2020.

• In the second quarter of 2019, GAAP earnings per diluted share included approximately $0.14 of net unrealized gains from PayPal’s strategic investment portfolio.

• Estimated non-GAAP amounts for the three months ending June 30, 2020, reflect adjustments of approximately $465–$525 million, including estimated stock-based compensation expense and related payroll taxes in the range of $310–$330 million.

• The dilutive impact of the acquisitions of Honey and GoPay is estimated to be in the range of $0.10–$0.12 on GAAP earnings per diluted share, and an estimated $0.02–$0.04 on non-GAAP earnings per diluted share. Please see “Non-GAAP Financial Measures” and “Non-GAAP Measures of Financial Performance” for important additional information.

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For earnings history and earnings-related data on PayPal (PYPL) click here.