PayPal’s Fourth Quarter Earnings and Amazon’s Billion-Dollar Shipping Costs
PayPal has taken advantage of its position during this coronavirus driven e-commerce boom. In the third quarter of this year, PayPal reported net income of $1.02 billion, up from $462 million in 2019.
In after-hours trading, following the earnings release and fourth-quarter expectation results, the stock fell more than 5%. The stock is up over 70% since the beginning of the year.
For Amazon, third quarter is one for the history books with record sales reported for the period. The company brought in a mega $96.15 billion.
With increased sales, means more shipping costs. The e-commerce giant shipping costs rocketed 57% year-over-year reaching $15.06 billion.
Over the course of the year, the stock is up over 60% and the stock fell around 5% since the news was released.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.