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PayPal Holdings on Tuesday reported first-quarter earnings and revenue under a new chief executive that topped Wall Street consensus estimates. PayPal stock rose as the company announced a $1.5 billion cost reduction program over the next two to three years. PayPal earnings for Q1 rose 1% to $1.34 per share on an adjusted basis.
Earnings season revs up the next few days as investors will hear from big companies including Advanced Micro Devices, CoreWeave, Pfizer and McDonald's. Data on the U.S. jobs market will also be watched closely, culminating in April nonfarm payroll numbers Friday.
PYPL heads into Q1 results with modest revenue growth expected and EPS decline forecast, as competition and FX pressures weigh.
Digital payments platform PayPal (NASDAQ:PYPL) will be reporting earnings this Tuesday before the bell. Here’s what to look for.
Investors won’t get too much of a respite from a big week trading the AI boom, with Palantir, Advanced Micro Devices, and CoreWeave reporting earnings. A bevy of data about the U.S. jobs market will also be watched closely, culminating in April nonfarm payroll numbers Friday.
ON Semiconductor, Pfizer, Uber, McDonald’s, and many more will report earnings this week. Economic releases will include the April jobs report and purchasing managers index.
David Marcus worked as the president at fintech giant PayPal (Nasdaq: PYPL) in the early 2010s before moving to Facebook as the vice president of messaging products in 2014. During his tenure at Facebook, he was the co-creator of Diem, a failed cryptocurrency project initiated by the ...