PayPal shares are trading lower following a Q3 revenue miss. The company also expects Q4 non-GAAP EPS down low to mid-single digits.
Portfolio Pulse from Benzinga Newsdesk
PayPal shares are trading lower due to a Q3 revenue miss and a forecasted decline in Q4 non-GAAP EPS.
October 29, 2024 | 11:06 am
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NEGATIVE IMPACT
PayPal's shares are experiencing a decline following a miss in Q3 revenue expectations and a forecasted decrease in Q4 non-GAAP EPS.
The miss in Q3 revenue indicates weaker than expected performance, which is a negative signal for investors. Additionally, the forecasted decline in Q4 non-GAAP EPS suggests potential ongoing challenges, contributing to the negative sentiment and resulting in a short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100