PayPal stock jumped 8.6% after the company reported an earnings beat on Tuesday—and it was completely unfulfilling. PayPal, which was a Barron’s pick on March 14, easily topped analyst forecasts for earnings and sales. The company also hit most of the points we were looking for when we recommended it: Guidance was raised; sales from branded checkout rose, a sign that the PayPal brand still means something; and the company bought back $1.5 billion in shares during the quarter, and increased the amount it expects to repurchase in the current fiscal year. Read More...
PayPal stock jumped 8.6% after the company reported an earnings beat on Tuesday—and it was completely unfulfilling. PayPal, which was a Barron’s pick on March 14, easily topped analyst forecasts for earnings and sales. The company also hit most of the points we were looking for when we recommended it: Guidance was raised; sales from branded checkout rose, a sign that the PayPal brand still means something; and the company bought back $1.5 billion in shares during the quarter, and increased the amount it expects to repurchase in the current fiscal year.
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