PayPal lifts 2024 profit forecast for second time as spending holds up, margins improve
Publishing timestamp: 2024-07-30 12:48:03
Summary
PayPal raises full-year profit forecast, focusing on cost-cutting measures and resilient consumer spending. Despite competition from Big Tech giants, PayPal's margins have improved and it expects continued growth in the future.
Sentiment: POSITIVE
Keywords: breaking news: technology, apple inc, paypal holdings inc, earnings, business, alphabet inc, business news, technology,
Source: https://www.cnbc.com/2024/07/30/paypal-lifts-2024-profit-forecast-as-spending-holds-up.html