Paypal: 4Q Earnings Snapshot

SAN JOSE, Calif. (AP) _ Paypal Holdings Inc. (PYPL) on Wednesday reported fourth-quarter earnings of $507 million.

The San Jose, California-based company said it had profit of 43 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 86 cents per share.

The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.

The technology platform and digital payments company posted revenue of $4.96 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $4.94 billion.

For the year, the company reported profit of $2.46 billion, or $2.07 per share. Revenue was reported as $17.77 billion.

For the current quarter ending in April, Paypal expects its per-share earnings to range from 76 cents to 78 cents.

The company expects full-year earnings in the range of $3.39 to $3.46 per share.

Paypal shares have climbed nearly 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $116.66, a rise of 28% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PYPL at https://www.zacks.com/ap/PYPL