PayPal shares up 7% after better-than-expected earnings

 PayPal, the payments company, posted first quarter earnings results after the bell on Wednesday. After surpassing analyst estimates with an adjusted 44 cents per share, compared to the 41 cents that many were predicting, shares rose 7% in initial after-hours trading. Net income was $384 million, up 5% from last year. Revenue was also slightly better than expected, coming in at $2.975 billion,… Read More

from TechCrunch