PayPal beats by $0.02, reports revs in-line; guides Q1 EPS in-line, revs below consensus; reaffirms FY19 EPS guidance, revs guidance
- Reports Q4 (Dec) earnings of $0.69 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.67; revenues rose 13.0% year/year to $4.23 bln vs the $4.23 bln S&P Capital IQ Consensus.
- 13.8 million net new active accounts, versus an increase of 8.7 million in Q4 2017. 2.9 million net new active accounts added from the acquisitions of Hyperwallet and iZettle.
- 2.9 billion payment transactions, up 28%. $164 billion in total payment volume (TPV), up 23%, or 25% on an FX-neutral basis.
- 36.9 payment transactions per active account on a trailing twelve months basis, up 9%.
- Venmo processed approximately $19 billion of TPV in the fourth quarter, growing 80%. In 2018, Venmo processed $62 billion of TPV.
- Co issues guidance for Q1, sees EPS of $0.66-0.68, excluding non-recurring items, vs. $0.67 S&P Capital IQ Consensus; sees Q1 revs of $4.08-4.13 bln vs. $4.16 bln S&P Capital IQ Consensus.
- Co reaffirms guidance for FY19, sees EPS of $2.84-2.91 vs. $2.89 S&P Capital IQ Consensus; sees FY19 revs of $17.8-18.1 bln vs. $18.03 bln S&P Capital IQ Consensus.
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