PayPal: Q4 EPS up 11%
(CercleFinance.com) - On Thursday evening PayPal reported an 11% increase in adjusted EPS to $1.
24 for the last three months of last year, with adjusted operating profit up 12% to 1.7 billion dollars, on revenues that rose 7% to 7.4 billion dollars.
The payment solutions group reported FY 2022 adjusted EPS that is down 10% to $4.13 on revenues that increased 8% to 27.5 billion dollarrs. The company now expects FY 2023 adjusted that is up around 18% to $4.87.
Management said that during this year of transformation, it invested in its platform to better serve customers, while focusing and streamlining operations, expressing its confidence about 2023.
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