NEW YORK, Oct 18 (Reuters) - PayPal Holdings Inc on Thursday reported a third-quarter profit that beat analysts’ estimates as the company signed up more new customers and volume of payments processed grew.
Net income rose to $436 million, or 36 cents per share, in the third quarter, from $380 million, or 31 cents per share, a year earlier. Revenue rose to $3.68 billion from $3.24 billion.
Excluding onetime items, the company earned 58 cents per share, beating the average analyst estimate of 54 cents, according to Refinitiv. (Reporting by Anna Irrera; editing by Jonathan Oatis)