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Paypal 3rd-qtr profit rises 17.6 pct
October 19, 2017 / 8:23 PM / in a month

Paypal 3rd-qtr profit rises 17.6 pct

Oct 19 (Reuters) - Payment processor PayPal Holdings Inc reported a 17.6 percent rise in quarterly profit, helped by higher ecommerce spending.

The company’s net income rose to $380 million, or 31 cents per share, in the third quarter ended Sept. 30, from $323 million, or 27 cents per share, a year earlier.

Revenue rose to $3.24 billion from $2.67 billion. (Reporting by Diptendu Lahiri in Bengaluru; Editing by Shounak Dasgupta)

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