PayPal beats by $0.03, beats on revs; guides Q4 EPS in-line, revs above consensus (67.25 -0.01)
- Reports Q3 (Sep) earnings of $0.46 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.43; revenues rose 21.4% year/year to $3.24 bln vs the $3.18 bln Capital IQ Consensus.
- Highlights:
- 8.2 million active customer accounts added, with net new actives up 88%
- 218 million active customer accounts, with more than 17 million merchant accounts
- 1.9 billion payment transactions, up 26%
- PayPal processed $114 billion in TPV in the quarter. Approximately 35% of payment volume came through a mobile device and mobile payment volume increased 54% over the same period last year to approximately $40 billion.
- Co issues guidance for Q4, sees EPS of $0.50-0.52, excluding non-recurring items, vs. $0.51 Capital IQ Consensus Estimate; sees Q4 revs of $3.57-3.63 bln, excluding non-recurring items, vs. $3.56 bln Capital IQ Consensus Estimate.