PayPal Holdings Boosts FY24 Outlook - Update

RTTNews | 280天前
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.

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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 | 764天前
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Wednesday, recouping some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying well below the 8,200 level, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by mining and technology stocks.
RTTNews | 36分钟前
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Wednesday, despite the negative cues from Wall Street overnight, as traders react to China's central bank saying it would cut its key policy rate by 10 basis points and lower the reserve requirement ratio by 50 basis points to boost growth. There is also confirmation that U.S. and Chinese officials are set to start formal trade talks this week.
RTTNews | 50分钟前
Sensex, Nifty Set To Drift Lower After Strike On Pakistan Terror Bases

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Indian shares look set to open lower on Wednesday after the Indian Armed Forces launched precision missile strikes under 'Operation Sindoor', targeting nine terrorist sites in Pakistan and Pakistan-occupied Kashmir (PoK) in a strong response to the brutal Pahalgam terror attack.
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Japanese Market Slightly Lower

Japanese Market Slightly Lower

The Japanese stock market is trading slightly lower on Wednesday after opening in the green, snapping a seven-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 36,800 level, with weakness in exporters and automaker stocks partially offset by gains in technology and financial stocks.
RTTNews | 2小时27分钟前
Australian Market Slightly Higher

Australian Market Slightly Higher

Australian shares are trading slightly higher on Wednesday, recouping some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying below the 8,200 level, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks nearly offset by weakness in technology stocks.
RTTNews | 2小时50分钟前
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 | 8小时4分钟前