Reported 3 months ago
PayPal has raised its adjusted profit forecast for 2024 for the second time, citing strong performance in its branded checkout business and resilient consumer spending. The company's shares surged by 9% following this announcement. PayPal now anticipates profit growth in the low to mid-teens, an increase from its earlier projections. The company's revenue also showed notable growth, driven by increased payment volumes and effective cost management strategies.
Source: YAHOO