A loss of US$106 million, down from a positive net income of US$391 million in Q4 of FY19.Gross profits of US$539 million, up 36%.Net revenues of US$1.38 billion, up 44%.Specifically, on a year-over-year basis, Square reported first quarter: Square, a significantly smaller company than Paypal, notched up top-line growth in Q1, and like Paypal, also saw its earnings suffer. Even so, at the time the company said it expected second quarter GAAP EPS to come in between 28% to 34% lower.Īccording to Marketbeat, Paypal is expected to report its Q2 earnings on 22 July. Though disappointing from an earnings perspective, at the time Paypal said it had experienced elevated levels of user growth during the early parts of the second quarter, with 7.4 million new active accounts added in April – implying a growth rate of 135%. Paypal also said that 20.2 million new active accounts were added in Q1. GAAP earnings per share of US$0.07, down 87%.Operating GAAP income of US$0.4 billion, down 23%.Net GAAP revenues of US$4.62 billion, up 12%.First quarter results in focusĮxamining Paypal’s first quarter results, released in May, on a year-over-year basis, the company reported: Paypal (PYPL), by comparison is up a more ‘modest’ 110% from its March lows, last trading at US$172 per share. Indeed, Square and PayPal – two of the world’s most prominent payment companies – have both seen their share prices rise dramatically in the wake of March's coronavirus-led market sell-down.įrom the lows Square (SQ) recorded in March, the company's share price has more than tripled, rising 224% to last trade at US$104 per share. Many have argued that the emergence of the coronavirus (Covid-19) has massively accelerated the adoption of e-commerce and digital payment solutions.
0 kommentar(er)
