PayPal Stock Tumbles on Lower-Than-Expected Adjusted Earnings

Key TakeawaysPayPal shares fell Tuesday morning after the company's adjusted earnings fell short for the fourth quarter.The company's projections for adjusted earnings per share in the first quarter and 2025 also missed estimates.Revenue and net income beat estimates, and PayPal also announced a new $15 billion stock buyback program. Shares of PayPal slumped Tuesday as the payment platform's adjusted earnings missed estimates for the final quarter of 2024. The owner of its namesake platform and others such ...