PayPal Falls On Lower Q1 Guidance

PayPal Holdings PYPL reported adjusted quarterly earnings of 86 cents per share on Wednesday, which beat the analyst consensus estimate of 83 cents. This is a 24.64% increase over earnings of 69 cents per share from the same period last year.

The company reported quarterly sales of $4.961 billion, which beat the analyst consensus estimate of $4.94 billion. This is a 17.39% increase over sales of $4.226 billion the same period last year.

PayPal issued first-quarter EPS and sales guidance below analyst estimates, with earnings of 76-78 cents per share and sales of $4.78-$4.84 billion, respectively. The company sees 202 adjusted EPS of $3.39-$3.46 versus a $3.49 estimate.

PayPal shares were down 6% at $109.10 in after-hours trading at time of publication. The stock has a 52-week range between $121.48 and $86.62

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