Tech
PayPal reports Q4 revenue up 7% year-on-year to $7.38 billion versus $7.39 billion estimate, payment volume up 5% year-on-year to $357.4 billion with an estimated $360.3 billion and net income of $921 million (Emily Bary/MarketWatch)
Emily Barry / MarketWatch:
PayPal reports Q4 revenue up 7% year-on-year to $7.38 billion, vs. $7.39 billion estimate, payment volume up 5% year-on-year to $357.4 billion , compared to an estimate of $360.3 billion and net income of $921 million— PayPal revenue in line with holiday quarter expectations, and executives’ profit guidance for the new year far exceeds Wall Street estimates
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