NewTradingView.com – Investing and Stock News
Investing and Stock News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Investing

PayPal shares up 15% as a string of good news cloaks Q2 loss

by August 2, 2022
written by August 2, 2022

Shares of PayPal Holdings Inc (NASDAQ: PYPL) are up nearly 15% in extended trading on Tuesday even though the fintech company swung to a loss in its fiscal second quarter.

Why are PayPal shares up after the bell?

Quarterly results were still better than the Street estimatesElliott Management confirmed a $2.0 billion stake in PYPLAnnounced a $15 billion share repurchase programmeNamed Blake Jorgensen its new Chief Financial Officer

Jorgensen has previously served in a similar capacity at notable names, including Electronic Arts, Levi Strauss, and Yahoo. Despite the rally, PayPal shares are still down about 45% for the year.  

PayPal Q2 earnings snapshot

Lost $341 million versus $1.18 billion in earnings last yearPer-share loss came in at 29 cents; the year-ago EPS was $1.0Adjusted EPS printed at 93 cents, as per the earnings press releaseRevenue jumped 9.0% on a year-over-year basis to $6.81 billionConsensus was 87 cents of adjusted EPS on $6.78 billion in revenueTotal payment volume climbed 9.0% YoY to $339.8 billion

PayPal’s future outlook

PayPal shares were also up because the online payments processor raised its full-year expectations for adjusted EPS to $3.87 – $3.97. It, however, forecasts a 10% increase now in revenue this year – a percentage point below its previous guidance.

For the current financial quarter, the Nasdaq-listed company anticipated its per-share earnings to fall between 94 cents and 96 cents on $6.80 billion in revenue. In comparison, analysts had called for $7.02 billion in Q3 revenue.

Interim CFO’s remarks

PayPal ended the quarter with $15.6 billion in cash, cash equivalents, and investments. In the earnings press release, Gabrielle Rabinovitch – Senior Vice President and Interim CFO said:

We’re advancing our priorities and sustainably improving our cost structure. The cash flow generating power of our business is a strategic competitive advantage. We’re focused on creating value for our shareholders and strengthening our position as a leading global digital payments platform.

Wall Street currently rates PayPal shares at “overweight” and sees upside to $109 on average.

The post PayPal shares up 15% as a string of good news cloaks Q2 loss appeared first on Invezz.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Nancy Pelosi lands in Taiwan: what does it mean for the chip stocks?
next post
AMD took ‘tons of share’ from Intel in Q2

You may also like

Employment cost index undershoots expectations; Labour costs likely...

January 31, 2023

Key wage inflation measure eases in Q4: don’t...

January 31, 2023

Weekly markets TL;DR: Massive week ahead for stocks,...

January 31, 2023

Scottish Mortgage Trust share price headwinds put recovery...

January 31, 2023

IMF projects global growth at 2.9%; Disinflation to...

January 31, 2023

Chinese PMIs spark to life after covid restrictions...

January 31, 2023

Should you buy Apple shares ahead of its...

January 30, 2023

Mercedes-Benz just beat Elon Musk’s Tesla in its...

January 30, 2023

Amid recessionary fears, Texas manufacturing disappoints for the...

January 30, 2023

Goldman Sachs reveals one of the best-positioned retail...

January 30, 2023
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Popular Posts

  • 1

    My Trigger to Enter $VAPR

  • 2

    Scaling Up Tips From A 24-Year Old Millionaire Trader {VIDEO}

  • 3

    Multi-Millionaire Trader Explains Why You Should Start Trading With A Small Account {VIDEO}

  • 4

    Pay Attention to These Stocks

  • 5

    New ‘Hunger Winter’ Looms as Europe Prepares to Shiver

Recent Posts

  • Employment cost index undershoots expectations; Labour costs likely peaked

    January 31, 2023
  • Key wage inflation measure eases in Q4: don’t be ‘too bullish’ on stocks

    January 31, 2023
  • China: House Divided

    January 31, 2023
  • Markets Aid Rhino Survival

    January 31, 2023
  • Weekly markets TL;DR: Massive week ahead for stocks, crypto and forex

    January 31, 2023

Categories

  • Economy (600)
  • Editor's Pick (232)
  • Investing (1,586)
  • Stock (9)
  • About Us
  • Email Whitelisting
  • Terms and Conditions
  • Privacy Policy
  • Contacts

Disclaimer: NewTradingView.com, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2023 NewTradingView.com All Rights Reserved.


Back To Top
NewTradingView.com – Investing and Stock News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick