Why PayPal Stock Lost 18% in May

Shares of PayPal (NASDAQ: PYPL) stock fell 18% in May, according to data from S&P Global Market Intelligence. The company released a first-quarter earnings report that worried investors.

PayPal is still the industry leader in digital and peer-to-peer payments, with first-quarter total payment volume (TPV) of $355 million, a 10% year-over-year increase. Revenue was up 9% to $7 billion, and adjusted earnings per share (EPS) increased 33% to $1.17.

Revenue growth has decelerated into single digits, and it's expected to further contract to 6.5% to 7% in the second quarter. Management raised full-year EPS guidance to $4.95, or a 20% increase over last year.

Source Fool.com