PayPal says May 1 was largest transaction day in its history, but first-quarter results fall short
May 06, 2020 at 16:18 PM EDT
PayPal Holdings Inc. fell short of first-quarter expectations Wednesday as the company felt the impact of the COVID-19 pandemic in March, but the digital payments pioneer said that trends were improving in April and beyond, as May 1 marked the company’s highest volume transaction day in its history.