=PayPal (PYPL) reported earnings on Thur 18 Oct 2018 (a/h)

PayPal beats by $0.04, reports revs in-line; guides Q4 in-line (raises FY18 outlook)

• Reports Q3 (Sep) earnings of $0.58 per share, $0.04 better thanthe S&P Capital IQ Consensus of $0.54; revenues rose 13.7% year/year to $3.68 bln vs the $3.66 bln S&P Capital IQ Consensus.
• PayPal processed $143 billion in TPV in the third quarter, representing growth of 24%, or 25% on an FX-neutral basis (in-line). Merchant Services TPV grew 28% on an FX-neutral basis. eBay Marketplaces volume grew 3% on an FX-neutral basis, and represented 11% of overall TPV for the quarter versus ~13% a year ago. Person-to-Person (P2P) volume grew 50% to more than $36 billion, and represented ~25% of TPV in the third quarter. 9.1 million active accounts added versus an increase of 8.2 million in Q3 2017, and ended the quarter with 254 million active accounts, up 15% Strong mobile engagement on PayPal's platform contributed to ~$57 billion in mobile payment volume, growing ~45%. In the third quarter, mobile payment volume represented 40% of overall TPV. Venmo, the company's social payments platform, processed ~$17 billion of TPV in the third quarter (slightly above), growing 78%. 
• Co issues in-line guidancefor Q4, sees EPS of $0.65-0.67 vs. $0.65 S&P Capital IQ Consensus; sees Q4 revs of $4.195-4.275 bln vs. $4.21 bln S&P Capital IQ Consensus.
• Raises FY18 EPS to $2.38-2.40 from $2.32-2.35, rev to $15.42-15.50 from $15.3-15.5 bln.
• Amex (AXP) Card members will have the ability to use membership rewards points for purchases; send peer-to-peer payments via Venmo and Paypal directly from the Amex mobile app