By Josh Beckerman

 

PayPal Holdings Inc. (PYPL) expects to report a pretax gain of $38 million on strategic investments for the fourth quarter.

The company said in a regulatory filing that it expects the gain will have a positive effect on earnings of 2 cents a share.

PayPal's fourth-quarter earnings guidance of 39 cents to 42 cents a share, given in October, didn't include any expectation of unrealized gains or losses from its strategic investment portfolio.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

January 09, 2020 19:51 ET (00:51 GMT)

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