PayPal (PYPL) Stock Flat Following Q3 Beat, Disappointing Q4 Guidance and Deal to Add Venmo at Amazon Checkouts
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PayPal (PYPL) Stock Slips as Disappointing Results and Guidance Outweigh Venmo's Partnership With Amazon (AMZN), Analysts Lower Numbers
November 9, 2021 6:39 AM ESTShares of Amazon (NASDAQ: AMZN) are down over 3% in pre-open Tuesday after the company reported mixed Q3 results and a lower-than-expected outlook.
PayPal reported Q3 EPS of $1.11 to top the analyst estimate of $1.07. Revenue for the quarter came in at $6.18 billion to miss on the consensus estimate of $6.23 billion.
Our third quarter results show solid growth on top of a record year. The strength of PayPals two-sided platform and ubiquity in our core markets has set us up to grow at scale, expand our work with existing merchants and attract new... More
