Home » PayPal shares are clearly in red: PayPal’s profits are increasing | 02/08/24

PayPal shares are clearly in red: PayPal’s profits are increasing | 02/08/24

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PayPal shares are clearly in red: PayPal’s profits are increasing |  02/08/24

PayPal made a profit of $1.48 per share in the fourth quarter of 2023. That was more than analysts had expected. These had previously assumed EPS of $1.36, after PayPal reported a profit of $1.24 per share in the same period last year.

In the final quarter of the year, the payment service also generated sales of $8 billion, more than in the previous year ($7.38 billion). Expert estimates for sales amounted to $7.88 billion.

For the full fiscal year 2023, PayPal earned $5.1 per share. Analysts previously gave estimates of an average of $4.98 in earnings per share for the fiscal year ended. In the previous year, the US group achieved a profit of $4.13 per share. In terms of sales, analysts expected a value of 29.61 billion US dollars for the recently completed financial year; PayPal actually had sales of 29.8 billion US dollars. In the previous year, sales were $27.52 billion.

At the same time, PayPal missed market expectations with its outlook for the new year. The group expects adjusted earnings per share of $5.10, while analysts on average had expected $5.48.

In NASDAQ trading, PayPal shares recently fell 11.24 percent to $56.13.

Redaktion finanzen.ch / awp international

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