====PayPal (PYPL) reported earnings on Thur 20 Oct 2016 (a/h)

PayPal reports EPS in-line, revs in-line; guides Q4 EPS in-line, revs above consensus  :

• Reports Q3 (Sep) earnings of $0.35 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.35; revenues rose 18.1% year/year to $2.67 bln vs the $2.65 bln Capital IQ Consensus.
  • Active customer accounts of 192 million, up 11% (Q2 +11%)
  • 1.5 billion transactions processed, up 24% (Q2 +25%)
  • PayPal processed $87 billion in TPV, representing growth of 25%, or 28% on an FX-neutral basis , which was faster than the growth rate of e-commerce.(Q2 was +28 and +29%, respectively)
    • Merchant Services TPV grew 32%, or 34% on an FX-neutral basis, and represented 84% of overall TPV for the quarter.
  • PayPal processed nearly $26 billion in mobile payment volume, up 56%, representing 29% of TPV for the quarter.
  • Venmo, the company's social payments platform, processed $4.9 billion of TPV, up 131%. (Q2 +141%)
• Co issues guidance for Q4, sees EPS of $0.40-0.42, excluding non-recurring items, vs. $0.42 Capital IQ Consensus Estimate; sees Q4 revs of $2.920-2.990 bln vs. $2.97 bln Capital IQ Consensus Estimate.