By Anna Irrera NEW YORK (Reuters) - PayPal Holdings Inc shares fell almost 4 percent in after-hours trading on Wednesday after the online payments company forecast revenue for the current quarter short of Wall Street's expectations. For the fourth quarter that ended in December, revenue rose to $4.23 billion from $3.74 billion, just missing analysts' average estimate of $4.24 billion, according to IBES data from Refinitiv. For the first quarter, PayPal said it expects revenue between $4.08 billion and $4.13 billion, falling short of analysts' average $4.16 billion estimate.
from Latest News Business on Firstpost http://bit.ly/2CUq89a
Thursday, 31 January 2019
PayPal shares fall as sales outlook misses Wall Street expectations
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment