3 Stocks to Watch on Thursday: eBay Inc (EBAY), Paypal Holdings Inc (PYPL) and Visa Inc (V)

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U.S. equities were higher Wednesday as the Dow Jones Industrial Average surged more than 300 points, snapping a five-day losing streak. The index was up 0.3% by day’s end, while the S&P 500 Index gained 0.2% and the Nasdaq Composite fell a fraction of a percentage.

3 Stocks to Watch on Thursday: eBay Inc (EBAY), Paypal Holdings Inc (PYPL) and Visa Inc (V)Earnings season is in full swing at the moment and plenty of enterprises reported their results late Wednesday, including eBay Inc (NASDAQ:EBAY), Paypal Holdings Inc (NASDAQ:PYPL) and Visa Inc (NYSE:V).

Here’s how they did:

eBay Inc (EBAY)

It was a disappointing quarter for eBay as earnings fell year-over-year.

The online marketplace announced net income of $407 million, or 40 cents per share, for its first quarter of fiscal 2018. The figure was below its year-ago net income of $1.035 billion, or 94 cents per share.

On an adjusted basis, eBay brought in adjusted earnings of $548 million, or 53 cents per share during the period. The Wall Street consensus estimate called for adjusted earnings of 53 cents per share, according to data compiled in a Thomson Reuters survey.

The company’s revenue tallied up to $2.58 billion for the period, a 12.2% gain from the $2.30 billion it amassed in the year-ago quarter. Analysts were calling for eBay to rake in revenue of $2.59 billion.

For its second quarter of fiscal 2018, the company projects earnings of 50 to 52 cents per share and revenue in the range of $2.64 billion to $2.68 billion. For the fiscal year, eBay forecasts earnings of $2.25 to $2.30 per share and revenue in the range of $10.9 billion to $11.1 billion.

EBAY stock fell about 3.9% after the bell Wednesday.

Paypal Holdings Inc (PYPL)

PayPal reported its latest quarterly results as well late yesterday, sending shares higher after the market closed.

The payment services provider reported net income of $511 million, or 42 cents per share during its first quarter, up from the company’s year-ago total of $384 million, or 32 cents per share.

On an adjusted basis, PayPal brought in earnings of 57 cents per share, which was better than its year-ago adjusted earnings of 44 cents per share. Analysts were calling for adjusted earnings of 54 cents per share.

The site also reported revenue of $3.7 billion, which marked a 24% increase compared to the year-ago quarter. The Wall Street consensus estimate called for quarterly revenue of $3.6 billion.

PayPal said it had 237 million active accounts by the end of the quarter, surging 8.1 million from the previous quarter. The company’s Venmo service processed more than $12 billion in volume, gaining 80% year-over-year.

PYPL shares soared 5.4% after hours yesterday.

Visa Inc (V)

Visa shares climbed on the company’s constructive quarter as it reaches the midpoint of its fiscal 2018.

For its second quarter, the credit card company announced adjusted earnings of $1.11 per share, which were better than the $1.02 per share that analysts were calling for, according to Thomson Reuters. The figure also marked an increase over its year-ago adjusted earnings of 18 cents per share.

Visa also reported strong revenue at $5.07 billion, which was a 13% improvement compared to the year-ago total of $4.48 billion. Analysts were calling for $4.81 billion in revenue in their consensus estimate, per Thomson Reuters.

Company CEO Alfred Kelly, Jr. said Visa’s growth in both cross-border and payments volume were a large reason why results topped expectations. Both metrics were up by 11% compared to the year-ago quarter.

V stock was up about 3% after the bell Wednesday.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2018/04/3-stocks-watch-thursday-ebay-inc-ebay-paypal-holdings-inc-pypl-visa-inc-v/.

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