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PayPal posted Q2 2023 earnings on August 2.
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Despite positive earnings, PayPal stock price saw a drastic fall since the report.
The American financial technology company involved in the payment settlements, PayPal Holdings Inc. (NASDAQ: PYPL) remains part of mainstream conversations, though this time it saw two major events. Surprisingly, despite these events, PayPal’s stock price resists showing any optimism and continues to drop further.
PayPal released the quarterly earnings report on August 2. The instance was expected to push the stock price upwards. But surprisingly, PayPal stock price fell dramatically and is currently 15% down since then.
The company posted $7.29 Billion in revenue, an increase of 7% from the previous year’s revenue. The earnings per share (EPS) for the quarter remained $1.16 beating the analyst estimates.
In the payment volumes front, PayPal saw $376.5 Billion marking an increase of 11% yearly for the quarter ende
We współpracy z: https://www.thecoinrepublic.com/2023/08/09/paypal-stock-price-loses-15-since-earnings-but-what-went-wrong/
