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Barchart
Aditya Sarawgi

What You Need to Know Ahead of PayPal Holdings’ Earnings Release

PayPal PayPal Holdings PYPL

San Jose, California-based PayPal Holdings, Inc. (PYPL) is a financial technology company that enables digital payments on behalf of merchants and consumers. With a market cap of $85.1 billion, PayPal’s operations span various countries around the globe. The fintech giant is expected to announce its Q3 earnings before the market opens on Tuesday, Oct. 29.

Ahead of the event, analysts expect PayPal to report a profit of $1.08 per share, up 11.3% from $0.97 per share reported in the year-ago quarter. Moreover, the company has surpassed Wall Street’s earnings estimates in each of the past four quarters. Its adjusted EPS for the last reported surged 43.4% year-over-year to $1.19, exceeding the consensus estimates by 24%.

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