PayPal on Tuesday beat Wall Street estimates for first-quarter earnings and maintained its annual profit forecast, even as several businesses have pulled their outlook amid economic uncertainty triggered by erratic U.S. trade policies.
The company's results show that consumers are continuing to spend despite worries that U.S. President Donald Trump's trade war could lead to a recession.
"PayPal had a great start to the year and our strategy is working. This is our fifth consecutive quarter of profitable growth," CEO Alex Chriss said.
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