PayPal (PYPL) Q1 Earnings & Revenues Beat Estimates, Rise Y/Y

PayPal Holdings, Inc. (PYPL) reported non-GAAP earnings of $1.08 per share for first-quarter 2024, which improved 27% on a year-over-year basis.Per the company’s old methodology, which excludes the impacts of stock-based compensation expenses and related employer payroll taxes, adjusted earnings were $1.40 per share, which surpassed the Zacks Consensus Estimate by 16.7%Net revenues of $7.7 billion exhibited year-over-year growth of 10% on an FX-neutral basis and 9% on a reported basis. The figure surpassed ...