PayPal Holdings Q3 2024 Adj EPS $1.20 Beats $1.07 Estimate, Sales $7.85B Miss $7.88B Estimate
Portfolio Pulse from Benzinga Newsdesk
PayPal Holdings reported Q3 2024 earnings per share of $1.20, surpassing the analyst estimate of $1.07. However, its sales of $7.85 billion slightly missed the expected $7.88 billion, despite a 5.78% increase from the previous year.
October 29, 2024 | 11:01 am
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POSITIVE IMPACT
PayPal's Q3 2024 earnings per share exceeded expectations, but sales slightly missed estimates. The EPS beat may positively influence short-term stock prices, while the sales miss could temper gains.
The significant EPS beat suggests strong profitability, which is likely to positively impact investor sentiment and stock price. However, the slight sales miss may moderate the extent of the positive impact.
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RELEVANCE 100