PayPal Holdings Boosts FY24 Outlook - Update

RTTNews | 381日前
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.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
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 | 865日前
TSX Down Marginally In Lackluster Trade

TSX Down Marginally In Lackluster Trade

Canadian stocks are turning in a mixed performance in somewhat lackluster trade on Friday, with investors focusing on the upcoming US - Russia summit that could help end the war in Ukraine.
RTTNews | 15分前
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

The Switzerland market ended on a firm note on Friday with stocks from across several sectors gaining ground on sustained buying support. The mood remained positive right through the day's session, amid some expectations about an end to the Ukraine war.
RTTNews | 43分前
European Stocks Close Mixed After Cautious Session

European Stocks Close Mixed After Cautious Session

European stocks closed on a mixed note on Friday with investors largely staying cautious, awaiting the meeting of the Presidents of the U.S. and Russia, and continuing to assess Trump administration's tariff moves and their impact on global economic growth.
RTTNews | 1時2分前
U.S. Business Inventories Rise In Line With Estimates In June

U.S. Business Inventories Rise In Line With Estimates In June

A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.
RTTNews | 2時40分前
U.S. Consumer Sentiment Unexpectedly Deteriorates In August

U.S. Consumer Sentiment Unexpectedly Deteriorates In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.
RTTNews | 2時57分前
U.S. Industrial Production Pulls Back Slightly In July

U.S. Industrial Production Pulls Back Slightly In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.
RTTNews | 3時26分前