Why PayPal Stock Crashed and Burned Thursday Morning
Shares of PayPal Holdings (NASDAQ: PYPL) slumped out of the gate Thursday, falling as much as 12.1%. As of 12:09 p.m. ET, the stock was still down 11.6%.
The catalyst that sent the fintech company's shares tumbling was its Q2 financial report. While some metrics showed improvement, others gave investors pause.
For the second quarter, PayPal generated net revenue of $7.3 billion, up 7% year over year and 8% on a constant currency basis. This resulted in adjusted earnings per share (EPS) of $1.16, up 24%.
Source Fool.com
Paypal Holdings Inc Aktie
61,64 €
-0,42 %
Die Community sieht Paypal Holdings Inc positiv: Viel mehr Buy- als Sell-Einschätzungen.
Ein Kursziel von 75 € für Paypal Holdings Inc könnte zu einer Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 61.64 € führen.
