Quartz·1 min read·medium
PayPal raised its profit outlook but the stock sank on slowing margin growth
✦AI Summary
PayPal has increased its full-year adjusted earnings outlook to $5.38 per share. Despite this positive revision, the company's stock price declined due to concerns over slowing margin growth.
The payments company now expects full-year adjusted earnings of $5.38 a share, up from prior guidance that called for a slight decline
businesseconomy
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