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Why Jim Cramer Liked PayPal's Earnings

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PayPal  (PYPL) - Get Free Report reported earnings.

The company reported non-GAAP earnings for the three months ending in September rose 75% from last year to $1.07 per share as revenues surged 25% to $5.46 billion. Both figures topped Street forecasts, but a relatively conservative outlook for the fourth quarter, where the group sees profits rising in a range of between 17% and 18% and revenues rising by between 20% and 25%, sent shares lower in pre-market trading.

Jim Cramer said that he thinks investors need to better understand PayPal. 

"People who are selling it are simply selling it...because it has some flaws," he said. 

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

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