PayPal beats profit targets, flags spending pull forward amid economic uncertainty

A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) - PayPal beat Wall Street estimates for first-quarter earnings and stuck to its annual profit forecast on Tuesday, even at a time when U.S. President Donald Trump's tariffs have fueled economic uncertainty.

Executives said PayPal was off to a good start in April, as consumer spending and the labor market proved to be resilient.