PayPal Holdings, Inc. (NASDAQ:PYPL) will release earnings results for the third quarter, before the opening bell on Tuesday.
Analysts expect the San Jose, California-based company to report quarterly earnings at $1.20 per share, compared to $1.20 per share in the year-ago period. The consensus estimate for PayPal's quarterly revenue is $8.23 billion, compared to $7.85 billion a year earlier, according to data from Benzinga Pro.
On Oct. 6, the company launched 5% cash back on buy now, pay later (BNPL) purchases to ease holiday spending stress for U.S. shoppers.
Shares of PayPal rose 0.7% to close at $70.25 on Monday.
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