PayPal (PYPL) Tops Q1 EPS by 3c; Guides Higher

PayPal (NASDAQ: PYPL) reported Q1 EPS of $0.44, $0.03 better than the analyst estimate of $0.41. Revenue for the quarter came in at $2.98 billion versus the consensus estimate of $2.94 billion.

• Revenue growth of 17% to $2.975 billion, or 19% on a foreign currency neutral (FX-neutral) basis
• GAAP operating margin down 150 basis points to 14.5% and non-GAAP operating margin expanded 50 basis points to 21.6%
• GAAP earnings per diluted share (EPS) growth of 6% to $0.32, non-GAAP EPS growth of 19% to $0.44
• Operating cash flow of $751 million, free cash flow of $603 million
• $517 million returned to stockholders through stock repurchases

GUIDANCE:

PayPal sees FY2017 EPS of $1.74-$1.79, versus the consensus of $1.72. PayPal sees FY2017 revenue of $12.52-12.72 billion, versus the consensus of $12.61 billion.

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

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