PayPal Holdings Boosts FY24 Outlook - Update

RTTNews | 330 dias atrás
Stocktwits
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

Marcadores : PYPL
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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 | 814 dias atrás
U.S. New Home Sales Pull Back More Than Expected In May

U.S. New Home Sales Pull Back More Than Expected In May

A report released by the Commerce Department on Wednesday showed a substantial pullback by new home sales in the U.S. in the month of May. The Commerce Department said new home sales plunged by 13.7 percent to an annual rate of 623,000 in May after spiking by 9.6 percent to a revised rate of 722,000 in April.
RTTNews | 1h 6min atrás
FTSE 100 Trades Flat

FTSE 100 Trades Flat

Amidst concerns over the fragile ceasefire between Israel and Iran, the FTSE 100 benchmark of the London Stock Exchange is trading on a flat note.
RTTNews | 3h 31min atrás
General Mills Q4 Adj. Profit Beats Market, Sales Miss; Warns On FY26 Earnings; Stock Down

General Mills Q4 Adj. Profit Beats Market, Sales Miss; Warns On FY26 Earnings; Stock Down

General Mills, Inc. on Wednesday reported that its fourth-quarter earnings were hurt by lower net sales. However, adjusted earnings beat market estimates, while top line missed their view. Further, the branded food company issued fiscal 2026 adjusted earnings outlook, expecting year-over-year decline. General Mills added that its top priority in the new year is to restore volume-driven organic...
RTTNews | 3h 37min atrás
CAC 40 Drops Amidst Caution

CAC 40 Drops Amidst Caution

Cautious sentiment ruled markets amidst fears of whether the current ceasefire between Israel and Iran would guarantee long-term peace.
RTTNews | 3h 59min atrás
Yen Falls As European Shares Traded Higher

Yen Falls As European Shares Traded Higher

The Japanese yen weakened against other major currencies in the European session on Wednesday amid increased risk-off mood by the investors, as the Iran-Israel ceasefire, announced by U.S. President Donald Trump appears to hold in the Middle East, and Federal Reserve Chair Jerome Powell said "many paths are possible" for monetary policy, opening the door to an earlier rate cut.
RTTNews | 4h 17min atrás
DAX Trades In The Red

DAX Trades In The Red

The positive sentiment that triggered Tuesday's rally on the DAX was missing on Wednesday as markets speculated on the ceasefire between Israel and Iran.
RTTNews | 4h 26min atrás
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