From Nasdaq:

PayPal Holdings’ (NASDAQ: PYPL) shares plummeted by 11.3% after the company’s quarterly report, despite solid results that beat analysts’ expectations. Fourth-quarter net revenue saw a 9% increase to $8 billion, resulting in $1.48 in adjusted EPS, while total payment volume stood at $410 billion. However, weak guidance for 2024 has investors concerned, with the company expecting net revenue to grow between 6.5% and 7%, and full-year adjusted EPS in line with 2023 at $5.10. A major concern is the lower-margin merchant processing business, cutting into the company’s profits. This ongoing issue, along with concerns over consumer shift to Apple Pay, has investors worried about the company’s future. The company remains in the midst of a turnaround, and shares have been included in a list of the 10 best stocks to invest in right now.



Read more: PayPal Beat Expectations, So Why Did the Stock Crash and Burn Thursday Morning?