News Formal

PayPal cuts earnings outlook, but user growth quells some fears

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

PayPal’s revenue and user growth came in slightly ahead of expectations Wednesday, but $PYPL cut its outlook for the full year. The company posted Q1 net income of $509 million, down from $1.1 billion, in the year-earlier period.

PayPal Holdings Inc.’s revenue and user growth came in slightly ahead of expectations Wednesday, but the payment-technology giant cut its outlook for the full year.

PayPal’s revenue climbed to $6.5 billion from $6.0 billion a year prior, while analysts tracked by FactSet had been looking for $6.4 billion. Shares bounced between gains and losses in after-hours trading Wednesday, following a rough start to the year. PayPal’s stock has fallen more than 50% in 2022 as the company undergoes a number of business transitions.

PayPal generated $323 billion in total payment volume in its latest quarter, up from $285 billion a year earlier and even with the FactSet consensus, which was for $323 billion. PayPal had 429 million active accounts as of the March quarter, compared with 426 million as of the December quarter and 392 million as of the prior March quarter. Analysts surveyed by FactSet were modeling 428.4 million active accounts.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 3. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Thai Finance Ministry Cuts Growth Outlook on War, InflationThailand’s finance ministry expects economic growth this year to be slower than previously estimated as the nation faces the impact of accelerating inflation and Russia’s war in Ukraine.
Herkunft: economics - 🏆 71. / 68 Weiterlesen »

Microsoft earnings beat across the board, stock up on outlookMicrosoft's Azure cloud revenue came in higher than analysts had expected, with the company citing strong demand for consumption-based services. Phew Thats cheat: Microsoft and Outlook 🤔🙄😏😁 What happened to Samsung Electronics's stock who beat the market expectation consecutively more than a year in a row ?
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Investment Banks Slash Expectations for China's Economic Outlook — One Sees GDP Growth of Less Than 4%Several investment banks have cut their China growth forecasts as Covid lockdowns drag on in the economic hub of Shanghai.
Herkunft: nbcchicago - 🏆 545. / 51 Weiterlesen »