PayPal CEO plans his exit, stock rises after earnings and forecast beat

📆 10/02/2023 01:47:00
📰 MarketWatch

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 97%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

PayPal posted fourth-quarter net income of $921 million, or 81 cents a share, up from $801 million, or 68 cents a share, in the year-earlier period. After adjustments, $PYPL earned $1.24 a share, whereas analysts were expecting $1.20 a share.

PayPal Holdings Inc.’s cost-savings story continued in the holiday quarter, as the digital-payments company topped profit expectations for the period and issued an upbeat annual earnings forecast as its chief executive plans his exit.

The company is in the midst of cutting expenses as it refocuses on its core strengths, through a plan announced last summer. PayPal announced last week that it intended to lay off 7% of its staff as it further dialed in on its priorities. Chief Executive Dan Schulman said in the company’s earnings release that PayPal had “a transformative year” in which it “invested in our platform to better serve our customers” but also streamlined the business.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Escrever Comentário

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

PayPal CEO Dan Schulman to leave at end of 2023, company begins search for successorPayPal CEO and president Dan Schulman is retiring from the company and will leave at the end of 2023.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »