PayPal Holdings, Inc. (PYPL) was up +7.36% to $270.43 after greatly beating industry expectations for the quarter finished. For sales of $6.12 billion, the San Jose-based California-based company posted fourth-quarter adjusted earnings of $1.08 per share. The consensus was similar to EPS of $1. Earnings per share a year ago were 86 cents. Revenues turned out better than expected as well. For the same time last year, it was $4.96 billion. For the year, PayPal increased sales by 23 percent and adjusted earnings per share by 25 percent. In the course of the year, the company anticipates 50 million potential daily users. It expects $25.5 billion in turnover in 2021.
eBay Inc. (EBAY) was up +5.31% to $61.12. In the fourth quarter, eBay did not disappoint, reporting diluted earnings per share of 86 cents relative to a forecast of 83 cents. Revenues were $2.9 billion for the year, up 28 percent from a forecast of $2.7 billion. The amount of gross merchandise sold rose 21% to $26.6 billion. For the quarter that beat analyst expectations, the company has announced sales and profit projections. It is estimated that sales will range between $2.94 billion and $2.99 billion. A quarterly adjusted EPS of $1.03 to $1.08 is forecast by the San Jose-based Californian. With 185 million engaged customers, the company ended the previous year, up 7 percent.
International Paper Company (IP) was down -7.65% to $46.75. The Memphis paper giant posted net sales of $482 million for the year ended, after a profit of $153 million and 39 cents per share in the fourth quarter alone. In the last year, consolidated net profits were $296 million and 75 cents per share, compared to $280 million in the third quarter and $430 million in the fourth quarter of 2019. Quarterly sales were $5.24 billion for the same period, compared with $5.5 billion a year ago. The consensus was $0.8 adjusted EPS and revenue of $5.3 billion.