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Wednesday, July 28, 2021 11:22:22 PM
PayPal (PYPL) Stock: Payments Company Offers Disappointing Guidance
By: TheStreet | July 28, 2021
• Payments company tops EPS estimates, but misses on revenue for just-completed quarter.
PayPal Holdings (PYPL) offered disappointing guidance for its fiscal third-quarter after the bell Wednesday even as it topped earnings estimates for the second quarter but missed revenue forecasts.
The payments processor reported non-GAAP earnings of $1.15 a share on revenue of $6.24 billion for the latest quarter. PayPal had been expected to report earnings of $1.12 a share, on sales of $6.3 billion, based on a FactSet survey of 38 analysts.
In the same period a year ago, the company posted earnings of $1.07 a share on sales of $5.3 billion.
PayPal said it expects third-quarter revenue of $6.15 billion to $6.25 billion and non-GAAP earnings of $1.07 a share.
Analysts had been forecasting sales of $6.4 billion and earnings of $1.14 a share.
For the full year, PayPal forecast revenue of $25.75 billion vs. analyst estimates of $25.9 billion.
Shares of PayPal fell sharply in after-hours trading Wednesday following the report. The stock fell $24.66, or 8.2%, to $277.32 in recent action.
The stock has risen 24% since the company last reported earnings on May 5...
Read Full Story »»»
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By: TheStreet | July 28, 2021
• Payments company tops EPS estimates, but misses on revenue for just-completed quarter.
PayPal Holdings (PYPL) offered disappointing guidance for its fiscal third-quarter after the bell Wednesday even as it topped earnings estimates for the second quarter but missed revenue forecasts.
The payments processor reported non-GAAP earnings of $1.15 a share on revenue of $6.24 billion for the latest quarter. PayPal had been expected to report earnings of $1.12 a share, on sales of $6.3 billion, based on a FactSet survey of 38 analysts.
In the same period a year ago, the company posted earnings of $1.07 a share on sales of $5.3 billion.
PayPal said it expects third-quarter revenue of $6.15 billion to $6.25 billion and non-GAAP earnings of $1.07 a share.
Analysts had been forecasting sales of $6.4 billion and earnings of $1.14 a share.
For the full year, PayPal forecast revenue of $25.75 billion vs. analyst estimates of $25.9 billion.
Shares of PayPal fell sharply in after-hours trading Wednesday following the report. The stock fell $24.66, or 8.2%, to $277.32 in recent action.
The stock has risen 24% since the company last reported earnings on May 5...
Read Full Story »»»
DiscoverGold
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