As in the previous quarter, PayPal can present good business figures. The company is raising its annual forecast.

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The online payment service PayPal continues to benefit from the trend towards shopping on the Internet during the Corona crisis. In the third quarter, net income increased 74 percent to $ 1.0 billion (0, 9 billion euros), as the company announced on the Monday after the US market closed.

Sales increased by a quarter to $ 5.5 billion. The total payment volume processed grew by 21 percent to just under 247 Billion Dollars.

Tremendous Jumps As in the previous quarter, PayPal benefited from the online shopping boom during the pandemic. The company has also raised its annual forecasts and now represents 247 sales growth between 20 and 21 percent and an increase in net earnings per share between 37 and 38 Percentage in prospect. Although the quarterly figures were above the analysts’ expectations, the share initially fell after the hours. However, the price has already increased by 38 percent over the course of the year.

(kbe)