PayPal Shares Drop Despite Q1 Earnings Beat Amid Weak Forward Guidance
Despite reporting better-than-expected first-quarter earnings with $8.4 billion in revenue (up 7% YoY) and adjusted EPS of $1.34, PayPal shares fell nearly 10%. The decline was driven by a disappointing Q2 guidance projecting a 9% year-over-year drop in adjusted EPS.
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Topics: fintech guidance_downgrade stock_drop