0 John Naronha Posted July 10, 2019 Author Share Posted July 10, 2019 Quote Link to comment Share on other sites More sharing options...
0 Ignatius Bose Posted July 10, 2019 Share Posted July 10, 2019 PayPal Holding Inc.’s (NASDAQ:PYPL) strategic investments in Latin American e-commerce company, MercadoLibre Inc. is expected to advance the online payment firm’s second-quarter earnings, due to be announced later this month. According to PayPal’s filing with the US Securities and Exchange Commission (SEC), the company stated that its strategic investments would boost its Q2 earnings by $218m or 14 cents a share. For the first quarter, PayPal reported non-GAAP earnings of 78 cents a share, including 8 cents from its strategic investment of $750m in MercadoLibre Inc. However, in the second quarter, the company’s earnings per share (EPS) projection is expected to slow down to 68-70 cents a share, more or less in line with FactSet consensus of 69 cents a share. Shares of PayPal have surged more than 40% this year: From $84.09 at the end of December last year to $118.37 on 9th July 2019. The online payment giant is likely to announce its interim second-quarter earnings on 20th July. Quote Link to comment Share on other sites More sharing options...
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