PayPal sees 2026 profit below estimates, names Enrique Lores as CEO

Core Viewpoint - PayPal's profit forecast for 2026 is considered lackluster, and the company reported fourth-quarter earnings that fell below Wall Street expectations, influenced by weaker U.S. retail spending and slower growth in its business [1] Financial Performance - The fourth-quarter earnings reported by PayPal were below Wall Street expectations, indicating potential challenges in meeting future financial targets [1] - The company is facing pressure from a decline in U.S. retail spending, which may impact its revenue growth [1] Growth Outlook - The profit forecast for 2026 is viewed as disappointing, suggesting that the company may struggle to achieve significant growth in the coming years [1] - Slower growth in PayPal's business is a concern, reflecting broader economic trends that could affect its performance [1]