Raises FY adj profit guidance (Il Sole 24 Ore Radiocor) - New York, 30 Apr - PayPal said its net revenues in the first quarter grew 9% to 7.699 billion dollars while total payment volumes increased 14% to 403.9 billion.

The US digital payments company said its earnings per diluted share in the first three months was 0.83 dollars compared to 0.70 in the same period a year ago.

Earnings per diluted share for the full year 2024 are expected to be approximately 3.65 dollars, compared to 3.84 in the prior year, it said.

Adjusted profit for the full year 2024 is expected to grow 'mid-to-high single-digit percentage', compared with its earlier forecast of it remaining flat.

PayPal shares were up 6% in premarket trade.

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(RADIOCOR) 30-04-24 15:14:44 (0572) 5 NNNN