PayPal Shares Drop Despite Beating Earnings Estimates
Despite exceeding Wall Street's first-quarter earnings and revenue expectations, PayPal shares fell more than 10% due to weaker-than-expected forward guidance. The company reported adjusted EPS of $1.34 and revenue of $8.4 billion but warned of a high-single-digit decline in Q2 adjusted EPS.
Tickers: $PYPL
Topics: financial_performance forward_guidance stock_price_movement