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RE: LeoThread 2024-10-29 05:12

in LeoFinance • 3 months ago

PayPal shares fall on revenue miss, soft guidance

PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in slightly below expectations.

PayPal shares fell as much as 7% on Tuesday after it provided softer guidance than analysts were anticipating for the fourth quarter.

The company reported better-than-expected third-quarter earnings, but it missed analysts' expectations on revenue for the July-through-September period.

#paypal #revenue #earnings #fintech #company

3 months ago in LeoFinance by
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     3 months ago  

    Here's how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG:

    • Earnings per share: $1.20, adjusted vs. $1.07 expected
    • Revenue: $7.85 billion vs. $7.89 billion expected

    For the fourth quarter, PayPal is calling for "low single-digit growth." Analysts were expecting growth of 5.4% to $8.46 billion in revenue. The investor deck says guidance reflects a "price-to-value strategy and prioritization of profitable growth."

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       3 months ago  

      The company expects adjusted earnings per share of $1.07 to $1.11, versus the average analyst estimate of $1.10, according to LSEG.

      Revenue increased about 6% in the quarter from $7.42 billion in the same period a year ago. PayPal reported net income of $1.01 billion, or 99 cents per share, compared with $1.02 billion, or 93 cents per share, a year earlier.

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