2 years ago
Shares of PayPal (PYPL) fell much than 16% aft the payments elephantine reported Q4 net that conscionable missed expert estimates and a slowdown successful gross growth.
Total gross roseate 13% to $6.9 billion, successful enactment with analysts' estimates, according to FactSet, but importantly slower than the 25% maturation recorded successful the year-ago quarter.
PayPal reported adjusted net per stock of $1.11 for the 4th quarter, conscionable beneath the expert statement estimation of $1.12.
PayPal added 9.8 cardinal nett caller progressive accounts successful the quarter, including 3.2 cardinal from the acquisition of Paidy. That was down, however, from 13.3 cardinal nett caller progressive accounts added successful Q3.
Total outgo measurement for the 4th was $339.5 billion, up 23% year-over-year connected a spot and foreign-exchange neutral basis. Transaction gross came successful astatine $6.4 billion, up from $5.61 cardinal successful the 3rd quarter.
Part of PayPal’s transaction gross comes from the company’s crypto “buy, merchantability and hold” product, but the institution excludes crypto payments from full outgo volume.
Shares of PayPal were down 16.2% to $147.40 successful after-hours trading connected Tuesday.
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