PayPal (NASDAQ:PYPL) shares gained around 3% on Friday after the company reported its Q4 earnings results, with EPS of $1.24 and revenue of $7.4 billion coming in better than the Street estimates.
The company provided its outlook for Q1/23, expecting a 7.5% net revenue growth and adjusted EPS in the range of $1.08-$1.10, compared to the Street estimate of $1.07. Full-year adjusted EPS is expected to be approximately $4.87, better than the Street estimate of $4.75.
CEO Dan Schulman announced that he will be retiring at the end of the year and the company will be hosting an investment community meeting (not a formal investor day) towards the end of Q2/23 to provide an update on the company’s strategic initiatives.
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Amazon Fresh Increases Prime Membership Fee, Walmart Continues to Offer Free Grocery Options
