PayPal Stock Falls After Q1 Report Despite Beating Earnings Estimates
PayPal's stock fell 9.6% following its Q1 report, despite beating earnings and revenue estimates. Investors are selling due to management's Q2 guidance and concerns about the near-term turnaround story. The broader market was up, but PayPal's stock underperformed.
Tickers: $PYPL
Topics: CEO Transition Earnings Report Market Reaction Stock Performance