PayPal (NASDAQ: PYPL)reports its first-quarter earnings after the bell on Wednesday. Despite beating the analysts' consensus estimates for both the top and bottom lines with its fourth-quarter report, PayPal saw its shares fall on news that eBay (NASDAQ: EBAY)is transitioning its payments processing operations in-house from PayPal.
PayPal hopes to avoid unpleasant surprises this time around, with the Street expecting $0.54 in earnings per share on revenue of $3.59 billion.PayPal Earnings: What to Watch
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