April 26, 2017 / 8:12 PM / 4 months ago

PayPal's quarterly profit rises 5.2 pct

April 26 (Reuters) - Payment processor PayPal Holdings Inc reported a 5.2 percent rise in quarterly profit on Wednesday, helped by an increase in payment processing volumes and customer additions.

The company's board authorized a $5 billion share buyback program.

PayPal, which spun off from e-commerce firm eBay Inc in 2015, said its net income rose to $384 million, or 32 cents per share, in the first quarter ended March 31, from $365 million, or 30 cents per share, a year earlier.

Revenue rose to $2.98 billion from $2.54 billion.

Reporting by Sruthi Shankar in Bengaluru; Editing by Martina D'Couto

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below