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Benzinga
  • 3 years ago
PayPal's stock fell 8% in after-hours trading following its fourth-quarter earnings report, as guidance for its first quarter and full-year outlook came in below analyst estimates. Fourth-quarter revenue of $8.03 billion rose 9% year-over-year and topped estimates, while adjusted EPS of $1.48 also beat expectations. The company is undergoing a transformation to drive future growth, including job cuts and new AI tools. PayPal's CEO said guidance reflects the time needed for new initiatives to scale and impact financials.
Transcript
00:00 It's Benzinga and here's what's on the block. PayPal stock fell 8% in after-hours trading
00:04 following its fourth-quarter earnings report as guidance for its first-quarter and full-year
00:08 outlook came in below analyst estimates. Fourth-quarter revenue of $8.03 billion
00:12 rose 9% year-over-year in topped estimates while adjusted EPS of $1.48 also beat expectations.
00:18 The company is undergoing a transformation to drive future growth, including job cuts and new
00:22 AI tools. PayPal's CEO said guidance reflects the time needed for new initiatives to scale
00:27 and impact financials. For all things money visit Benzinga.com