Investing.com - PayPal Holdings Inc (NASDAQ:PYPL) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
PayPal Holdings Inc announced earnings per share of $1.11 on revenue of $6.92B. Analysts polled by Investing.com anticipated EPS of $1.12 on revenue of $6.9B.
PayPal Holdings Inc shares are down 18% from the beginning of the year, still down 43.25% from its 52 week high of $309.76 set on July 26, 2021. They are under-performing the Nasdaq which is down 8.3% from the start of the year.
PayPal Holdings Inc shares lost 16.45% in after-hours trade following the report.
PayPal Holdings Inc follows other major Information Technology sector earnings this month
PayPal Holdings Inc's report follows an earnings beat by Apple on Thursday, who reported EPS of $2.1 on revenue of $123.95B, compared to forecasts EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on January 25 with second quarter EPS of $2.48 on revenue of $51.73B, compared to forecast for EPS of $2.32 on revenue of $50.71B.
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