Investing.com - PayPal (NASDAQ:PYPL) Holdings Inc reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
PayPal Holdings Inc announced earnings per share of $1.11 on revenue of $6.92B. Analysts polled by Investing.com EPS of $1.12 on revenue of $6.9B.
PayPal Holdings Inc 's are down 18% and is trading at $146.88 , still down 43.25% from its 52 week high of $309.76 set on Monday, July 26, 2021.
PayPal Holdings Inc shares lost 16.45% to trade at $146.88 in after-hours trade the report.
PayPal Holdings Inc follows other major Information Technology sector earnings this month
PayPal Holdings Inc's report follows an earnings beat by Apple on Thursday, who reported EPS of $2.1 on revenue of $123.95B, EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on Tuesday, January 25, 2022 with second quarter EPS of $2.48 on revenue of $51.73B, for EPS of $2.32 on revenue of $50.71B.
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