PayPal, in its first quarterly report as a public company, reported its first profitable quarter today. In providing guidance on future earnings, PayPal said:
“PayPal estimates second quarter 2002 revenues could range from $52 million to $53 million, resulting in pro forma after-tax earnings of approximately $0.07 to $0.08 per share, with between 63.5 and 64.5 million fully diluted shares. PayPal also estimates 2002 revenues could range from $220 million to $230 million, with pro forma after-tax earnings of approximately $0.34 to $0.36 per share, with between 63.0 and 64.0 million fully diluted shares.”