Why Jim Cramer Is Eyeing PayPal

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PayPal  (PYPL) - Get Report posted earnings on Wednesday evening. 

PayPal registered a profit of $1.57 billion, or $1.32 per share, in the fourth quarter, up from $507 million, or 43 cents per share, a year earlier. The FactSet analyst consensus called for EPS of 62 cents per share in the latest quarter.

“PayPal delivered record performance in 2020, as businesses of all sizes have digitized in the wake of the pandemic,” PayPal Chief Executive Dan Schulman said in a statement. “In this historic year, we released more products than ever before and have dramatically scaled our acceptance worldwide, giving our 377 million consumer and merchant accounts even more reasons to use our platform.”

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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