Reported about 12 hours ago
PayPal's stock surged over 14% in premarket trading after it significantly beat earnings estimates and announced a partnership with OpenAI to integrate payment solutions into AI platforms like ChatGPT. As earnings season for Q3 kicks off, analysts expect S&P 500 companies to report a 9.2% increase in earnings per share. Other notable companies reporting this week include UPS, which saw a 14% stock jump after offering a strong Q4 revenue forecast, and UnitedHealth, which raised its profit outlook after better-than-expected earnings.
Source: YAHOO