PayPal Holdings to Release Third-Quarter Earnings After Closing Bell

    Author Caroline HarrisPosted on Categories Credit Services, Financial, NASDAQTags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
    PayPal Holdings

    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.

    Featured Image: depositphotos/naraytrace

    Author Caroline Harris
    About the author: Caroline Harris is a third-year student at Capilano University in North Vancouver, Canada. Having already completed an Associates Degree in Psychology, Caroline is now finishing her Bachelor's degree in Communications. In preparation for working in the advertisement sector, Caroline is writing financial content and analysis. On a daily basis, Caroline works on articles regarding the following topics: finance, cryptocurrency, technology, and politics.