On Tuesday, PayPal released projections that exceeded analysts’ expectations and revealed better-than-expected fourth-quarter earnings.
In premarket trade, the shares fell more than 6%.
The company’s performance was as follows in relation to Wall Street estimates:
Adjusted earnings per share:
$1.19 as opposed to the anticipated $1.12 Revenue:
$8.37 billion as opposed to the anticipated $8.26 billion
The average analyst estimate for adjusted profits per share for the first quarter is $1.13, whereas PayPal anticipates adjusted earnings per share of $1.15 to $1.17.
Total earnings for the year will be between $4.95 and $5.10 per share, exceeding the consensus forecast of $4.90.
In addition, PayPal promised to repurchase about $6 billion worth of shares in 2025 as part of a new $15 billion program. Revenue climbed from $8.03 billion in the previous quarter by around 4%.
Source (CNBC)
