Paypal beats quarterly profit estimates, adds over 9 Mn new accounts in Q3

Paypal’s bet of targeting emerging economies like India for its newer base of customers has paid off. In its Q3 earnings report that the financial giant released yesterday, the company has beaten Wall Street estimates by amassing $436 Million in net income, an addition of over $50 Million to previous year’s Q3 results.

In terms of EPS (earnings per share), Paypal registered a net income of 36 cents per share, an increase from 31 cents per share an year earlier.

Excluding one-time items,...

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