PayPal Sell-Off: Here's What You Need to Know
PayPal Holdings (NASDAQ: PYPL) reported its fourth-quarter 2021 financial results last week, with revenue of $6.92 billion beating Wall Street estimates and adjusted earnings per share (EPS) of $1.11 missing estimates during the three-month period. As is always the case, however, investors focused heavily on management guidance.
Let's just say the leadership team's forecast really disappointed investors. This once-surging fintech was a major pandemic winner, but it's now facing some serious headwinds. And the stock price had crashed a jaw-dropping 29% by the afternoon of the day after the report's release.
Here's what you need to know.
Source Fool.com
