PayPal Little Changed On Lukewarm Results, Guidance

Paypal Holdings Inc PYPL released its Q3 results after the close.

Earnings of $0.35 per share were in line with the Street’s consensus expectations, while revenue of $2.67 billion (up 18.1 percent year-over-year) beat estimates by $20 million.

For Q4 management said it expects EPS of $0.40 to $0.42, in line with estimates, and sales of $2.92 billion to $2.99 billion, mostly below consensus at $2.97 billion.

For the full year, the company issued guidance for EPS of $1.48 to $1.50, on revenue of $10.78 billion to $10.85 billion.

President and CEO Dan Schulman commented, “We are pleased to have delivered another quarter of strong results. The opportunities for PayPal to grow and gain share have never been greater. We are executing against our strategic plan with intensity and speed, and we are committed to seizing the opportunities in front of us by truly embracing the mantle of ‘Customer Champion.’

"We are further expanding the ubiquity and value of the PayPal brand and moving deliberately towards achieving our vision of becoming an everyday, essential financial service for people around the world.”

Shares closed at $40.09 and were up about $0.16 in after-hours trading