Online payments company PayPal Holdings Inc. (NASDAQ:$PYPL) is scheduled to post third-quarter earnings after the market close Thursday.
Here’s what Wall Street is forecasting for PayPal Holdings:
- Revenue: $3.18 billion, according to Thomson Reuters.
- Earnings Per Share: 43 cents, according to Thomson Reuters.
On Tuesday, PayPal disclosed that Venmo users will be able to use their account to pay online for purchases from the majority of merchants that accept payments through its parent company.
Venmo — one of PayPal’s most popular payment methods — processed $8B in payments in the second quarter of 2017.
PayPal rose to fame after the company parted from eBay two years ago. After initially resisting pressure to split from PayPal, John Donahoe, former eBay CEO, finally agreed in 2014.
Thanks to Dan Schulman, PayPal eclipsed eBay in size and rate of growth since the split. As of right now, PayPal’s market capitalization of $80.9 billion is roughly double eBay’s, which sits at $40.7 billion.
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