PayPal's Stock Dips 8% After Disappointing Q1 Guidance and Full-Year Outlook
Benzinga
Benzinga
  • 3 months ago
PayPal's stock fell 8% in after-hours trading following its fourth-quarter earnings report, as guidance for its first quarter and full-year outlook came in below analyst estimates. Fourth-quarter revenue of $8.03 billion rose 9% year-over-year and topped estimates, while adjusted EPS of $1.48 also beat expectations. The company is undergoing a transformation to drive future growth, including job cuts and new AI tools. PayPal's CEO said guidance reflects the time needed for new initiatives to scale and impact financials.
Recommended
4:39
I
Up next
GM shares are trading higher after the company reported better-than-expected Q2 results and raised its FY23 adjusted automotive free cash flow guidance
Benzinga
16:31
Q3 Review: After A Weak Quarter, Can Dabur's Financials Improve In Q4?
NDTV Profit
0:43
GM Releases 2023 First-Quarter Results and Raises Full-Year Guidance - $GM
Benzinga
2:38
KLIA and KLIA2 may be rebranded after first quarter of this year, says minister
The Star
0:48
European Travel Company Tui Sees Soaring Stock Price After Reporting 11% Revenue Growth in Full-Year Results
Benzinga
4:02
Humana shares are trading lower after the company issued soft 2023 adjusted EPS guidance
Benzinga
15:29
Sensex, Nifty Trade Higher; JM Financials Shares Outlook
NDTV Profit
0:25
PH Q3 domestic claims up by 2.4% quarter-on-quarter, 17.8% year-on-year
PTVPhilippines
0:59
Lowe's shares slump on disappointing outlook
Breaking Hot News
0:48
Caterpillar's Shares Tumble On Disappointing Profit Outlook
Entertainment (now)
3:57
Only financials are holding up, otherwise this market is a very weak spot, says stock expert Jai Bala
CNBC-TV18
1:19
Disney Slumps On 'Disappointing' Fourth Quarter
The Street
1:19
3 Point Analysis| Disappointing quarter for L&T Infotech Should you buy
Moneycontrol
0:58
Ask This Question Before You Sell a Stock on Disappointing Earnings
The Street
0:39
Walgreens Stock Plunges 9.3% Following Disappointing Fiscal Q3 Results
Benzinga
7:18
End Of Year Market Rally? Financials Turning Bullish? Marc Chaikin, Founder of Chaikin Analytics
Benzinga
3:08
Retail Stocks: Kohl's Rises on Q2 Beat; Maintains Guidance Outlook
Benzinga
3:18
FedEx Earnings Highlights: FedEx Delivers Mixed Q1 Results: Lowers Revenue Outlook, Increases Earnings Guidance, Shares Spring Higher
Benzinga
5:20
Bharat Forge’s Amit Kalyani On Q3 Guidance, Business Outlook & More
ET NOW
5:20
12-year-old Valley girl becomes Geneva Financials first BE A GOOD HUMAN contest winner
ABC15
4:24
La saisie comptable des factures de ventes PAYPAL
Jean-pierre-villatte
1:50:05
ᴸᵒᵛᵉ ᴼⁿ ᴾᵃʳᵗ 1
English Movie Only
1:31:18
ʸᵒᵘʳ ᴮʳⁱᵈᵉ ᴵˢ ᴬ ᴴᵘⁿᵗᵉʳ ⱽᵃᵐᵖⁱʳᵉ
English Movie Only
1:07:02
ᵀʰᵉ ᵁⁿʷᵃⁿᵗᵉᵈ/ ᵖᵃʳᵗ 2
English Movie Only
1:20:05
ᴸᵒᵛᵉ ᴮˡᵒᵒᵐˢ ᴾᴬᴿᵀ -1
English Movie Only
1:28:55
ᶠʳᵒˢᵗʸ ᶠˡᵃᵐᵉˢ
English Movie Only
Benzinga
0:40
Maryland Teacher Faces Criminal Charges for Spreading an AI-Generated Fake Recording of the Principal Making Racist Comments
Benzinga
0:27
Arizona Grand Jury Indicts 18 Individuals Involved in Submitting Fake Elector Documents
Benzinga
0:46
ByteDance Unlikely to Sell TikTok, Preferring Shutdown in the US to Parting Ways with Its Key Algorithm
Benzinga
0:35
Google Parent Alphabet Announces $70 Billion Stock Buyback Program After Stellar Q1 Results
Benzinga
0:38
Analysts Predict Chevron and ExxonMobil Will Report Lower Q1 Profits Despite Rising Oil Prices
Benzinga
0:39
Meta Stock Plummets 15% as Market Reacts to Increased AI Spending
Benzinga
Featured channels
More from
EarthX
More from
TIME
More from
Insider
More from
What's Trending
More from
Entrepreneur
More from
SportsGrid