PayPal Expects Q1 Net Revenues To Increase Approximately 6.5% And 7% FXN, Adj. EPS To Increase Mid-Single Digits
Portfolio Pulse from Benzinga Newsdesk
PayPal has projected an increase in its Q1 net revenues by approximately 6.5% to 7% on a foreign exchange neutral (FXN) basis. Additionally, the company anticipates its adjusted earnings per share (EPS) to increase by mid-single digits.
February 07, 2024 | 9:24 pm
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PayPal anticipates a 6.5-7% increase in Q1 net revenues on an FXN basis and expects its adjusted EPS to grow by mid-single digits.
The positive revenue and EPS growth projections directly impact PayPal's financial health and investor sentiment. Given the specificity of the forecast, it suggests a strong start to the year for PayPal, likely leading to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100