US70450Y1038 - Common Stock
Both companies exceeded expectations.
The company has performed relatively well in 2024.
PYPL rides on its expanding services portfolio and a strong partner base. However, near-term prospects suffer from challenging macroeconomic conditions.
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's episode features an exclusive interview with Michael Nirenberg, the Chairman, CEO, and President of Asset management firm Rithm, which recently posted earnings that exceeded forecasts despite a decline in revenue. Sonali Basak and Bloomberg journalists discuss Paypal and D.R. Horton's lower revenue forecasts, along with breaking news about OpenAI. (Source: Bloomberg)
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PYPL earnings call for the period ending September 30, 2024.
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PayPal stock is up 36% this year.
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While the top- and bottom-line numbers for Paypal (PYPL) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
These are the stocks posting the largest moves in premarket trading.
Paypal (PYPL) delivered earnings and revenue surprises of 11.11% and 0.20%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?
The payments giant's revenue guidance missed amid Braintree pricing initiatives.
PayPal Holdings Inc. reported customer spending that topped analyst estimates as the payments giant benefited from improvements to its checkout technology and e-commerce partnerships.
PAYPAL HOLDINGS INC (NASDAQ:PYPL) has a good technical rating of 10 out of 10 and could possibly break out.