HomeInternational NewsPaypal drops on light revenue forecast for Q4

Paypal drops on light revenue forecast for Q4

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The company estimated Q4 revenues to come in at $7.38 billion, which is less than the $7.74 billion consensus expectations, according to analysts surveyed by Refinitiv.

PayPal raised EPS guidance for the full fiscal year, saying it’s benefited from “ongoing productivity initiatives.”

It expects to add 8 to 10 million net new active users in the fiscal year.

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