Digital payments firm PayPal Holdings Inc. (PYPL) - Get Report reported third quarter earnings of 58 cents per share on revenue of $3.68 billion, sending the stock rising after-hours Thursday, October 18.
Analysts were expecting the company to report earnings of 54 cents per share on revenue of $3.66 billion. The company also reported that total global active accounts had increased 15% to 254 million.
Shares were rising 1% after-hours on Thursday to $78.25; year to date, shares are up about 7%.
PayPal was punished following its last earnings release, in spite of topping analysts' top- and bottom-line expectations, due to weak guidance for the third quarter. At the time, though, the company also raised its full-year forecast and announced that its board had approved a share buy back program that could total $10 billion.
Analysts will be looking to hear more about the company's plans for its Venmo electronic payment business and how the company plans to monetize it during PayPal's earnings call on Thursday.