PayPal Holdings (NASDAQ: PYPL) beat analyst expectations and raised its full-year guidance. But investors were more focused on the company's concerns about a difficult operating environment up ahead, sending shares down as much as 12% on Tuesday.
PayPal has evolved from a fintech darling to a "show me" stock for skeptical investors, and the company's most recent quarterly results did little to settle the ongoing debate about the stock.
The company reported first-quarter earnings of $1.17 per share on revenue of $7.04 billion, easily beating Wall Street's expectation of $0.98 per share in earnings on sales of $6.2 billion. PayPal also guided for second-quarter earnings of $1.15 to $1.17 per share, well ahead of the $1.04-per-share consensus estimate.
Source Fool.com