PayPal Holdings Boosts FY24 Outlook - Update

RTTNews | Před 280 dny
PayPal Holdings Boosts FY24 Outlook - Update

(RTTNews) - While reporting financial results for the second quarter on Tuesday, PayPal Holdings, Inc. (PYPL) raised its earnings and adjusted earnings guidance for the full-year 2024. The company also provided outlook for the third quarter.

For the third quarter, the company expects earnings in a range of $0.96 to $0.98 per share and adjusted earnings growth in the high single-digits on revenue growth in the mid-single-digits.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.98 per share on revenue growth of 7.5 percent to $7.97 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2024, the company now projects earnings in a range of $3.88 to $3.98 per share and adjusted earnings growth in the low to mid-teens. Previously, the company expected earnings of approximately $3.65 per share on revenue growth in the mid- to high-single digits.

The Street is looking for earnings of $4.24 per share on revenue growth of 15.1 percent to $32.0 billion for the year.

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Live Nation Entertainment Inks Multi-Year Deal With PayPal To Expand Payment Options For Fans

Live Nation Entertainment Inks Multi-Year Deal With PayPal To Expand Payment Options For Fans

PayPal Holdings, Inc. (PYPL) and Live Nation Entertainment, Inc. (LYV) announced Monday a multi-year strategic partnership that names PayPal as the Preferred Payments Partner of Ticketmaster, providing fans a simple and flexible way to buy tickets to the live entertainment they love. Fans will now have access to multiple payment options across a total of 21 countries.
RTTNews | Před 764 dny
U.S. Dollar Declines Against Majors

U.S. Dollar Declines Against Majors

The U.S. dollar fell against its major counterparts in the New York session on Tuesday, as investors awaited monetary policy decision from the Federal Reserve due on Wednesday.
RTTNews | Před 1 h 47 min
Canadian Stocks Marginally Down In Cautious Trade

Canadian Stocks Marginally Down In Cautious Trade

Canadian stocks are turning in a mixed performance on Tuesday with investors largely refraining from making significant moves amid lingering concerns about tariffs and some weak earnings updates.
RTTNews | Před 4 h 5 min
Swiss Market Ends Flat After Choppy Session

Swiss Market Ends Flat After Choppy Session

The Switzerland market closed slightly weak after a choppy ride on Tuesday as investors mostly stayed cautious, looking for fresh triggers. The Federal Reserve and the Bank of England are scheduled to announce their rate decisions on Wednesday and Thursday, respectively.
RTTNews | Před 4 h 36 min
European Stocks Close Broadly Lower Ahead Of Key Policy Announcements

European Stocks Close Broadly Lower Ahead Of Key Policy Announcements

European stocks closed broadly lower on Tuesday with investors largely staying cautious, following political and geopolitical developments, digesting economic and earnings updates, and awaiting the monetary policy announcements from the Federal Reserve and the Bank of England, due later in the week.
RTTNews | Před 4 h 52 min
UK Car Sales Drop 10.4% In April As Higher Taxes Hurt - SMMT

UK Car Sales Drop 10.4% In April As Higher Taxes Hurt - SMMT

New car registrations in the U.K. decreased in April mainly due to customers making purchases early to avoid higher taxes that came into effect at the start of the month, though electric car sales continued to increase, monthly data from the Society of Motor Manufacturers and Traders showed on Tuesday.
RTTNews | Před 6 h 50 min
U.S. Trade Deficit Spikes To Record High In March As Import Surge

U.S. Trade Deficit Spikes To Record High In March As Import Surge

The U.S. trade deficit spiked by much more than expected in the month of March, according to a report released by the Commerce Department on Tuesday. The report said the trade deficit soared to a record high $140.5 billion in March from a revised $123.2 billion in February.
RTTNews | Před 7 h 37 min