PayPal issues disappointing guidance even as fourth-quarter earnings top estimates
Publishing timestamp: 2024-02-07 19:04:41
Summary
PayPal reported fourth-quarter earnings and revenue that exceeded estimates, but their guidance for the full year and first quarter fell short of expectations. The company also announced job cuts and introduced new artificial intelligence features as part of their transformation efforts. Shares of PayPal have been on a downward trend but have seen a slight increase this year.
Sentiment: MIXED
Tickers: PYPL,
Keywords: paypal holdings inc, earnings, business, breaking news: technology, business news, technology,
Source: https://www.cnbc.com/2024/02/07/paypal-pypl-q4-earnings.html