Is PayPal Too Cheap to Ignore? Here’s the Level It Must Hold Now

Is PayPal Too Cheap to Ignore? Here’s the Level It Must Hold Now

paypal (PYPL) the stock fell about 3% Friday morning, better than what investors saw last night after the payment technology company reported profit.

At its post-hours low, PayPal stock fell nearly 14%. That came despite PayPal reporting a quarter that exceeded expectations.

Third-quarter earnings of $1.08 per share exceeded analyst expectations by 12 cents per share, while revenue grew nearly 11% year over year to $6.85 billion and also exceeded consensus expectations.

Further, management raised its full-year earnings guidance to a range of $4.07 to $4.09 per share, from a range of $3.87 to $3.97 per share. Consensus expectations were $3.93 per share in the report.

.

You Might Also Like:

Leave a Reply

Your email address will not be published. Required fields are marked *