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PayPal Q3 2024 Earnings: Swing and a Miss

Jay Lutz
Wednesday, October 30, 2024, 05:24:00 PM

PayPal Holdings (NASDAQ: PYPL) just reported its third quarter 2024 and well.. Investors were not impressed.

The stock dumped as much as 8% during intraday trading, which in itself was still a recovery from pre-market trading, where it fell as much as 12.5%. The sell off is said to be the result of revenue not meeting analyst expectations, despite beating estimates on earnings per share.

And as we all know, markets can be a bit fickle with that stuff.

Lets dive in.

Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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the deep dive
Welcome to The Deep Dive, where we focus on providing investors of Canadian junior stock markets the knowledge they need to make smart investment decisions. We take a closer look at all data relating to organizations to create quality stock analysis for investors. Not a recommendation to buy or sell securities. Always do additional research and consult a professional before purchasing a security.