Categories Earnings, Finance

PayPal (PYPL) stock falls on weaker outlook despite upbeat Q4 results

PayPal Holdings’ (NASDAQ: PYPL) fourth-quarter 2019 earnings and revenue results topped market’s expectations. However, the digital payments firm’s weaker-than-expected outlook resulted in a 6% decline of PYPL stock immediately after the earnings announcement.

PayPal’s non-GAAP EPS increased 24% year-over-year to $0.86 and revenue rose 17% to $4.96 billion. Analysts had expected the company to earn $0.83 per share on revenue of $4.94 billion.

PayPal (PYPL) stock falls on weaker outlook despite upbeat Q4 2019 results

For full-year 2020, PayPal expects revenue to grow 17-18% at current spot rates and 18 – 19% on an FX-neutral basis, to a range of $20.8 – $21.0 billion. GAAP EPS is expected to be $1.84 – $1.95 and non-GAAP EPS is pegged to be in the range of $3.39 – $3.46.

For the first quarter of 2020, PayPal expects revenue to grow 16 – 17% at current spot rates and 17 – 18% on an FX-neutral basis, to a range of $4.78 – $4.84 billion. GAAP earnings per share is estimated to be in the range of $0.16 – $0.21 and non-GAAP earnings is estimated to be in the range of $0.76 – $0.78 per share.

For the three months ended December 31, 2019, PayPal added 9.3 million net new active accounts, bringing total active accounts to 305 million. At 3.5 billion, payment transactions were up 21%. Total payment volume increased 22% to $199 billion.

PayPal stock, which inched up by 0.12% to $116.66 at the end of today’s regular trading session, had advanced 28% in the past 12 months.

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

Key highlights from Box (BOX) Q4 2021 earnings results

Box Inc. (NYSE: BOX) reported fourth quarter 2021 earnings results today. Revenues rose 8% year-over-year to $198.9 million. GAAP net loss was $4.9 million, or $0.03 per share, compared to

Infographic: Highlights of Hewlett Packard’s (HPE) Q1 2021 earnings report

Technology firm Hewlett Packard Enterprise Company (NYSE: HPE) reported higher earnings for the first quarter of 2021, despite a decrease in revenues. The numbers surpassed the consensus forecast. First-quarter earnings,

MercadoLibre (MELI): Here is a stock to have on your investment radar

MercadoLibre Inc. (NASDAQ: MELI) is one of the stocks that benefited from the COVID-19 pandemic. The Argentine ecommerce company has caught the attention of market experts as it garnered growth

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top