PayPal is facing mounting financial difficulties, with its stock down over 55% year-to-date, prompting a drastic cut in its full-year revenue growth outlook from 15%-17% to 11%-13%. Despite a 9% year-over-year increase in total active accounts and beating Wall Street earnings estimates for Q1, the company reported rising operating expenses of $5.8 billion and revised its non-GAAP earnings guidance downward to $3.81-$3.93 per share. Investors are growing increasingly cautious, as the stock continues to trade below its 50-day moving average amid a prevailing downtrend.
“PayPal · is down · 55% · year-to-date”
“PayPal · is expected to grow revenue · 15.2% · in 2022”
“PayPal · has · earnings report data”
“PayPal · rose · percentage · 2.8%”
“PayPal · witnessed growth · 9% · year-over-year in total active accounts”
“PayPal expects year-over-year revenue growth · of · 9% · for second-quarter 2022”
“PayPal revised non-GAAP earnings guidance · downward from · $4.60-$4.75 per share · $3.81-$3.93 per share”
“PayPal · rolled out · the gift-wrapping feature on Venmo · offering eight animated gift-wrap designs”
“PayPal · carries · a Zacks Rank · #3 (Hold)”
“PayPal · rose · 2.8% · 2.8%”
“PayPal · is · highly profitable · true”
“PayPal · is · cash-flow positive · true”