PayPal, Q2
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Shares of PayPal (NASDAQ:PYPL) dropped nearly 10% this morning todaythe sharpest slide in nearly six monthsafter the company reported a slowdown in branded checkout volume and flagged weaker U.S. retail spending tied to tariff pressures.
PayPal was the worst-performing stock on the Nasdaq Tuesday after the financial technology firm's second-quarter profit and branded checkout volumes growth missed analysts' expectations.
PayPal Holdings (PYPL) stock dropped 4.1% in Tuesday premarket trading after the payment app company's expenses rose more than expected and its cash flow declined.
PayPal topped Wall Street estimates for the quarter and raised full-year guidance, as CEO Alex Chriss pushes profitability over volume.
We’ll be looking for a strong JOLTS report to reassure investors about the labor market, and a solid consumer confidence reading to gauge the health of everyday Americans. Zooming out, markets continue to perform well.
On a per-share basis, the payments firm now expects an adjusted annual profit in the range of $5.15 to $5.30 versus its prior expectations of $4.95 to $5.10. Analysts on average had expected $5.10, according to estimates compiled by LSEG.
PayPal (PYPL) introduced its "Pay with Crypto" product for merchants to simplify cross-border transactions, the company said on Monday.
PayPal (NASDAQ:PYPL) is rolling out Pay with Crypto for merchants, tapping a $3 trillion plus market by enabling instant crypto?to?stablecoin or fiat conversions. The new service supports 100+ cryptocurrencies including Bitcoin (BTC?
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