PROSPERITY INVESTMENT HOLDINGS LTD stock forum
"PayPal disappointed investors on Monday when it reduced its forecast for its operating margin, despite the fact that it had increased its profit predictions. The payments giant now only expects an operating margin expansion of 1% compared to its previous expectations of 1.25%. Analysts are now concerned that 2023 might not be as successful a year for the company as previously predicted.
The news was enough to send shares in PayPal down by 12.7% on Tuesday to a price of just $65.91 – a far cry from its highs of $310 in the summer of 2021. In its Q1 report released in March, PayPal disclosed that its payments volumes for the quarter came in at $354.5bn – which represented a negligible 0.81% decrease from the previous quarter."
Read more here: tradingview.com/news/tradingview:c1a42d555094b:0-pypl-paypal-cuts-full-year-margin-forecast-share-price-drops-almost-13/