PayPal offers positive outlook, beats expectations


  • TECH
  • Thursday, 27 Apr 2017

Pregnancy perks: Mothers to be will receive eight weeks of maternity leave at full pay, an increase from 80%.

PayPal Holdings Inc raised its earnings outlook on April 26 after reporting higher-than-expected quarterly profit resulting from an increase in payment processing volumes and user growth.

The company raised its full-year profit forecast to US$1.28-US$1.33 (RM5.57-RM5.78) per share from US$1.26-US$1.31 (RM5.48-RM5.70), and said its board authorised a US$5bil (RM21.74bil) share buyback programme.

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