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 Stock
€65.14
0.250%
With 70 Buy predictions and 3 Sell predictions Paypal Holdings Inc is one of the favorites of our community.
With a target price of 75 € there is a slightly positive potential of 15.14% for Paypal Holdings Inc compared to the current price of 65.14 €.
