Why PayPal Stock Dropped 14.4% This Week
PayPal Holdings (NASDAQ: PYPL) saw its stock fall 14.4% this week, as of Friday's opening bell, according to S&P Global Market Intelligence. The payments specialist was trading at about $64 per share, down 9.9% year to date.
PayPal sank following the release of Q1 earnings results on Monday, but at first glance, it's not clear why. The payment company had a solid quarter, beating earnings estimates and boosting profit projections for the full fiscal year.
Total payment volume grew 10% year over year to $354 billion, while net revenue was up 9% to $7 billion. Operating income rose 41% year over year to $1 billion, while earnings jumped 61% to $0.70 per share.
Source Fool.com
Paypal Holdings Inc Aktie
49,61 €
-0,80 %
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