PayPal Holdings Inc. beat estimates with its quarterly results Monday, but its shares were headed lower in after-hours action as Wall Street unpacked how much of PayPal’s growth is coming from a lower-margin part of the business.
While PayPal PYPL executives boosted their profit forecast for the full year and spoke of more upbeat revenue expectations, they also now project at least 100 basis points of operating-margin expansion this year. The company’s prior outlook was for about 125 basis points.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Big Tech has made earnings look better, but here come Disney and PayPalMuch of the first-quarter earnings blizzard has passed, and the results, overall, haven't been as bad as expected, thanks to Apple, Amazon and Microsoft.
Source: MarketWatch - 🏆 3. / 97 Read more »
PayPal earnings top expectations as company boosts profit forecastPayPal generated first-quarter net income of $795 million, or 70 cents a share, compared with $509 million, or 43 cents a share, in the year-earlier period. $PYPL benefited from strong e-commerce spending and cost-savings initiatives:
Source: MarketWatch - 🏆 3. / 97 Read more »
After hitting new heights during the pandemic, PayPal has struggled in the market. Here's what's killing the company's stock growthAfter hitting new heights during the pandemic, PayPal has struggled in the market. Here’s what’s killing the company’s stock growth:
Source: CNBC - 🏆 12. / 72 Read more »