Get the latest tech news
PayPal Shares Surge on Higher Forecast for Profit, Buybacks
PayPal Holdings Inc. boosted its forecast for 2024 profit as the firm remains focused on streamlining operations — part of Chief Executive Officer Alex Chriss’s goal to transform the financial-technology firm.
PayPal Holdings Inc. boosted its forecast for 2024 profit as the firm remains focused on streamlining operations — part of Chief Executive Officer Alex Chriss’s goal to transform the financial-technology firm. PayPal now predicts adjusted earnings per share will increase in the “low- to mid-teens” this year, up from a previous forecast of “mid- to high-single-digit” growth, the San Jose, California-based company said Tuesday in a presentation. It also expects full year EPS of $3.88 to $3.98, up from an earlier forecast of $3.65.
Or read this on Bloomberg
