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San Jose, CA (APA / Reuters / dpa) – An increase in e-commerce has given Paypal Internet Paying Service a 28% jump in profits. The US group announced Wednesday after closing in New York for the second quarter net profit of $ 526 million ($ 449.34 million) after $ 411 million in the same period last year . The turnover increased by 23% to 3.86 billion dollars.
PayPal has long benefited from the increase in Internet commerce. The former daughter of the Internet auction house Ebay has been managing online payments since the late 1990s. For the current fiscal year, Paypal has increased its revenue forecast from 15.2 to 15 , $ 4 billion, from $ 15.2 billion to $ 15.5 billion previously.
Although the figures exceed badysts' expectations, and even a $ 10 billion buyback program was announced, the quarterly report on Wall Street did not go well. The stock dropped more than four percent after hours. In the forecast for the current quarter, investors had hoped for something more. Paypal has promised sales growth of 12 to 13%. However, the title has already gained nearly 60% in the last twelve months.
~ WEB https://www.paypal.com/ ~ APA001 2018-07-26 / 00: 13
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