PayPal Holdings' (NASDAQ: PYPL) stock price recently plummeted to its lowest levels since May 2020 after it posted its fourth-quarter earnings report on Tuesday.
The digital payment company's revenue rose 13% year over year to $6.92 billion, which beat estimates by $30 million. However, its adjusted earnings per share rose a mere 4% to $1.11, and missed expectations by a penny.
For the first quarter, PayPal expects its revenue to grow just 6% year over year (14% after excluding eBay (NASDAQ: EBAY) from both periods), and for its adjusted earnings per share to decline 29%. Analysts had expected its revenue to grow 12%, and for its adjusted earnings to dip just 5%.
Source Fool.com