PayPal customers' crypto holdings near $1 billion, mainly bitcoin and ether
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PayPal adjusted margin forecast cut eclipses higher profit expectationsPayPal Holdings Inc on Monday cut its outlook for annual adjusted operating margin, overshadowing its profit forecast raise, sending shares in the payments firm down 5% in extending trading.
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PayPal logs earnings beat, but stock falls as margin talk underwhelms“When you have scale like ours, little things over time make a big difference,” PayPal CEO Dan Schulman told MarketWatch. “Clearly the things we’re doing are making a difference.”
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Stocks making the biggest moves after hours: Lucid, Palantir, PayPal and moreThese are the stocks posting the largest moves in extended trading.
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After hitting new heights during the pandemic, PayPal has struggled in the market. Here's what's killing the company's stock growthAfter hitting new heights during the pandemic, PayPal has struggled in the market. Here’s what’s killing the company’s stock growth:
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PayPal raises full-year profit above estimates on e-commerce strength, cost cutsPayPal Holdings Inc on Monday raised its annual profit forecast to above Wall Street estimates, buoyed by its higher quarterly profit as margins improved on cost-cut measures and as consumers undeterred by inflationary pressures keep shopping online.
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PayPal earnings top expectations as company boosts profit forecastPayPal generated first-quarter net income of $795 million, or 70 cents a share, compared with $509 million, or 43 cents a share, in the year-earlier period. $PYPL benefited from strong e-commerce spending and cost-savings initiatives:
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