PayPal stock was sinking after the payments company reported earnings and guidance that fell short of Wall Street estimates. Shares of PayPal Holdings (ticker: PYPL) have tumbled 16% to $147.40 in after-hours trading Tuesday after gaining 2.2% during regular trading hours. PayPal reported a fourth-quarter profit of $1.11 a share, missing forecasts for $1.12 a share, on sales of $6.92 billion, topping estimates for $6.89 billion. Read More...
PayPal stock was sinking after the payments company reported earnings and guidance that fell short of Wall Street estimates. Shares of PayPal Holdings (ticker: PYPL) have tumbled 16% to $147.40 in after-hours trading Tuesday after gaining 2.2% during regular trading hours. PayPal reported a fourth-quarter profit of $1.11 a share, missing forecasts for $1.12 a share, on sales of $6.92 billion, topping estimates for $6.89 billion.
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