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PayPal’s Card-Processing Growth Slows Amid Focus on Profit
PayPal Holdings Inc. reports fourth-quarter earnings that topped Wall Street analyst estimates as the firm resets its focus on profitable growth in the year ahead.
PayPal Holdings Inc. reports fourth-quarter earnings that topped Wall Street analyst estimates as the firm resets its focus on profitable growth in the year ahead. Adjusted net income slipped 1.9% to $1.21 billion, or $1.19 per share, in the fourth quarter, beating the $1.13-a-share average estimate of analysts. PayPal also lifted its forecast for first-quarter earnings to $1.15 to $1.17 a share, also greater than analysts are expecting.
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