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PayPal sales up 15% to USD 2.26 bln, adds 4 mln users

Thursday 29 October 2015 | 08:58 CET | News
Digital payment processor PayPal reported third quarter revenues up 15 percent year on year to USD 2.26 billion, or USD 0.31 per share, just below its anticipated earnings target of USD 2.27 billion, or USD 0.29 per share. In what was the company's first earnings report since splitting from eBay in July, PayPal said the strength of the USD dollar hurt its transaction volumes in Europe and China, with revenues rising 19 percent on an FX neutral basis. However, the company's adjusted profits rose 31 percent to USD 377 million and it increased its total payment volume by 27 percent to USD 68.74

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Categories: Internet
Companies: America Movil / Ebay / PayPal
Countries: World
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