PayPal Beat Expectations, So Why Did the Stock Crash and Burn Thursday Morning?
Shares of PayPal Holdings (NASDAQ: PYPL) slumped out of the gate Thursday, falling as much as 11.4%. As of 11:51 a.m. ET, the stock was still down 11.3%.
The catalyst that sent the fintech company lower was its quarterly financial report. While the results edged past expectations, its guidance sent a shiver through investors.
For the fourth quarter, PayPal generated net revenue that climbed 9% to $8 billion. This resulted in adjusted earnings per share (EPS) of $1.48, up 19%.
Source Fool.com
Paypal Holdings Inc Aktie
61,64 €
-0,42 %
Paypal Holdings Inc sticht hervor mit 64 Buy- und nur 4 Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 75 € für Paypal Holdings Inc bedeutet eine mögliche Steigerung um über 20% im Vergleich zu 61.64 €.
