(AOF) – The online payment specialist Paypal is expected to rise thanks to better than expected results. In the fourth quarter, the American firm posted a net profit up 15% to 921 million dollars, or 81 cents per share. Excluding exceptional items, earnings per share came out at $1.24, or 4 cents better than expectations. Turnover increased by 9%, excluding the impact of exchange rates, to 7.84 billion dollars, coming out slightly below expectations.
Finally, the volume of payments that passed through its platforms increased by 5% to 357.40 billion dollars. Its growth was 9% at exchange rates.
In 2023, the online payment specialist is targeting adjusted earnings per share of around $4.87, but did not provide a revenue forecast. The market is expecting earnings per share of $4.79 on $29.89 billion in sales.
In the first quarter alone, Paypal is aiming for adjusted earnings per share of between 1.08 and 1.10 dollars for revenues up by around 7.5%. Growth should reach 9% excluding the impact of exchange rates.
Finally, its CEO, Dan Schulman announces his intention to retire from PayPal at the end of the year.
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