Earnings Recap – November 8
PayPal reported Q3 earnings on Monday. The company reported adjusted earnings of $1.11 per share vs. $1.07 per share as expected by Wall Street. Revenue was $6.18 billion vs. $6.23 billion as expected by Wall Street. In Q4, the company expects adjusted earnings of $1.12 per share vs $1.27 per share as expected by analysts. PayPal lowered revenue guidance for the year by 18%, estimating it between $25.3 billion and $25.4 billion. Analysts expected $25.78 billion.
Roblox reported Q3 earnings on Monday. The company reported earnings of -$0.13 per share and adjusted revenue of $637.8 million. Analysts were expecting revenue of $636.5 million. In Q3, Roblox had over 47.3 million average daily active users, up 31% year over year and up from 43.2 million users in Q2.
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.