"Goldman Sachs Bullish on PayPal Despite Apple Concerns: Earnings Beat Expectations"
TL;DR
PayPal Holdings reported its full year 2023 earnings, with revenue reaching US$29.8 billion, a 8.2% increase from the previous year, and net income rising to US$4.25 billion, a 76% increase. The company's profit margin also improved to 14%. Earnings per share (EPS) surpassed analyst estimates by 3.9%, and future revenue growth is forecasted at 7.0% per year on average for the next 3 years. Despite a 9.5% decrease in share value over the past week, the company's balance sheet health and valuation remain important factors to consider.
- PayPal Holdings Full Year 2023 Earnings: EPS Beats Expectations Simply Wall St
- 1 Stock I'm Buying Hand Over Fist in February Despite Wall Street's Pessimism Yahoo Finance
- Analysts reveal PayPal stock price targets after earnings TheStreet
- ‘Buy the Dip,’ Says Goldman Sachs About PayPal Stock TipRanks
- PayPal Earnings Beat. Payment Volume Edges By Estimates Amid Apple Worries Investor's Business Daily
Want the full story? Read the original reporting
Read on Simply Wall St