PayPal Holdings Inc. topped expectations Wednesday with its holiday-quarter results, but the company’s forecast for the current period came up short.
Total payment volume increased 22% to $199 billion, but the rate of growth decelerated from 25% in the third quarter, something executives attributed to the lapping of PayPal’s iZettle acquisition in 2018. Volume growth has also been impacted by challenges at eBay, but management argued that PayPal’s increasingly diversified business is reducing the company’s dependance on eBay revenue.
“We think the updated guidance reflects good, consistent secular growth and may allay some fears tied to the eBay migration, although we acknowledge that the stock momentum into the quarter may suggest some were expecting upside to guidance,” Jefferies analyst John Hecht said in a note.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Buoyed by company earnings, world markets look past virus death tollGlobal markets showed further signs of stabilization on Wednesday as investors l...
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »
Tesla's massive stock rally faces a moment of truth as the company reports earningsTesla shares have skyrocketed by about 120% since the electric car maker last delivered an earnings report in October. Skeptics are cautioning investors about the effects of the coronavirus on Tesla's China operations, and declining sales volumes in mature markets for the company. Remember on the Parnas tape how the convo with trump talked about how badly Tesla was doing in Sprint 2018? Even in my rural area I’m seeing more and more Tesla’s on the road, I expect even more in next 5 years, not because they are green, but because they are damn cool, and getting more affordable.. People complain about the market cap for TSLA. SUBX has similar market cap selling coffee. TSLA should at least double from here.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »
Stock market live updates: Dow futures up 140, Apple record, coronavirus names bounceLive updates of what's moving the market and what's being talked about on Wall Street, including Apple's strong earnings and coronavirus names rebounding.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »