PayPal (PYPL) Q4 earnings


A PayPal sign is seen at its headquarters in San Jose, California, on Jan. 30, 2024.

Justin Sullivan | Getty Images News | Getty Images

PayPal reported better-than-expected fourth-quarter results Wednesday, but issued guidance that was a bit below estimates. The shares slid 8% in extended trading.

Here’s how the company did:

  • Earnings per share: $1.48 adjusted vs. $1.36 expected by LSEG, formerly known as Refinitiv
  • Revenue: $8.03 billion vs. $7.87 billion expected, according to LSEG

Revenue increased 9% in the quarter from $7.38 billion a year earlier. The number of active accounts fell 2% to 426 million, trailing analyst expectations of 427.17 million, according to StreetAccount.

Net income…

Source cnbc.com

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