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PayPal Beat Expectations, So Why Did the Stock Crash and Burn Thursday Morning?
PYPLPayPal(PYPL) The Motley Fool·2024-02-08 18:01

Shares of PayPal Holdings (PYPL -10.35%) slumped out of the gate Thursday, falling as much as 11.4%. As of 11:51 a.m. ET, the stock was still down 11.3%.The catalyst that sent the fintech company lower was its quarterly financial report. While the results edged past expectations, its guidance sent a shiver through investors.A stalled turnaround?For the fourth quarter, PayPal generated net revenue that climbed 9% to $8 billion. This resulted in adjusted earnings per share (EPS) of $1.48, up 19%.To put this i ...