PayPal Holdings Inc (NASDAQ:PYPL, ETR:2PP) shares fell over 6% in pre-market trading on Tuesday after results showed third-quarter earnings topped expectations but revenue underwhelmed. Per-share adjusted earnings came in at $1.20 for the three months to September, PayPal said on Tuesday, against LSEG-compiled consensus estimates of $1.07.
PayPal earnings for Q3 beat estimates. PayPal stock fell as Q4 revenue guidance missed amid pricing initiatives at mobile subsidiary Braintree.
PayPal's fourth-quarter revenue view came in below expectations. The company said it's focusing on “profitable growth.
PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in slightly below expectations. It's the first earnings report for CEO Alex Chriss since he hit his one-year anniversary at the company last month.
PayPal Holdings Inc PYPL will be reporting its third-quarter earnings on Tuesday. Wall Street expects $1.07 in EPS as the company reports before market hours.
PYPL's third-quarter 2024 earnings are likely to reflect an improving Total Payment Volume along with an expanding clientele.
PYPL stock is benefiting from a strong portfolio, rich partner base and expanding features.
PayPal's growth is driven by Venmo's user engagement, omnichannel payments, AI-leveraged advertising, and cryptocurrency integration, despite regulatory and competitive challenges. Regulatory risks from CFPB's new BNPL rules and the upcoming presidential election could impact PayPal's operational costs and regulatory landscape. Despite competition from Stripe and Square, PayPal's innovations and strong financial performance, including increased free cash flow and EPS growth, support a 'Buy' rating.
Should you invest in this out-of-favor fintech stock?
The payments company is joining other finance firms in the vast market for customer data.
Beyond analysts' top -and-bottom-line estimates for Paypal (PYPL), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
After declining more than 80% from its 2021 high, PayPal ( PYPL ) stock is rising from the dead. And though it took more than a year of sideways action near the lows, it's not that surprising.