PayPal Tumbles As Second-Quarter Earnings Released
Aug 3, 2023 By MarketDepth
PayPal (PYPL:NASD) stock falls as weak margins cast shadow over the digital payment sector. The hit to the company came with their loan division who have now tightened their requirements on loans.
PayPal has seen lower margins which has come under scrutiny as the company saw operating margins at 21.7%. The company is in the process of finding a new CEO to continue to drive growth and expansion for the company.
“We are in the very final stages of the process with several outstanding candidates.”
PayPal CEO Dan Schulman
PayPal announced a $1.22-1.24 profit per share which is in-line with analyst expectations.
