Discover Financial Services posted a double-digit growth in payment services transactions in the first quarter of 2018, as its leadership reported early success from a new checking-and-rewards product. On Thursday (April 26), Discover reported an 18 percent year-over-year net income increase for the first quarter...
Amazon’s Q1 earnings are out, and it seems the eCommerce giant managed to beat analysts’ expectations across the board. Revenue came in at $51.04 billion — well ahead of the $49.78 billion forecast by analysts. Earnings per share were $3.27 — more than double the...
There was a lot going on during PayPal’s quarterly earnings report yesterday (April 25), as the original “Pay” player managed to beat analyst expectations nearly across the board and even forecast a better-than-expected result for the rest of the year. Growth was the big story: PayPal...
Equifax’s ongoing data breach recovery efforts will soon bring a new chief technology officer and other top security and IT talent to the credit scoring firm, company leadership said Thursday (April 26) during a post-earnings conference call. Equifax posted a 4 percent revenue increase in...
As eBay moves toward a beta test of its new payments system this summer, the online marketplace reported a 12 percent revenue gain in the first quarter of 2018, to $2.6 billion dollars. That missed analyst expectations of a 17 percent increase, and eBay share...
If the proof is in the numbers, Facebook’s latest earnings report proves that however mad people said they were about the Cambridge Analytica scandal, it hasn’t stopped them from logging into Facebook and looking at advertising on mobile. Facebook dramatically beat analyst expectations when its...
“I’m pleased to say PayPal had another quarter of great results and we’re off to a great start in the new year,” CEO Dan Schulman noted at the opening of his remarks to investors when reporting 1Q 2018 results and providing insight into the company’s ambitious...
Twitter’s revenue growth continued in the first quarter of 2018, with its investments in personalized content and video advertising helping the social media company to beat analyst estimates. Total ad engagements increased 69 percent year over year, thanks to “increased aggregate demand, the continuing mix...
TSYS, the payments processor, reported net income of $1.13 a share, beating the Street by 13 cents, while revenues of $987.2 million were up 18.5 percent year on year, beating estimates by $76.8 million. The company said that it gained momentum across its three business...
