Reported about 8 hours ago
PayPal's recent quarterly report revealed a revenue miss that overshadowed a profit beat, causing shares to drop 3.2%. The company earned $1.33 per share but reported revenue of $7.79 billion, falling short of the $7.85 billion expectation. Despite the challenges posed by economic uncertainty and competition, CEO Alex Chriss affirmed the company's strategy is succeeding and maintained the annual profit forecast of $4.95 to $5.10 per share, focusing on expense management and innovative growth initiatives.
Source: YAHOO