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PayPal's stock falls as earnings beat, but a margin metric misses

Por: MarketWatch Business August 02, 2023

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In its investor deck, the company attributed the shortfall to its credit portfolio, where PayPal generated less revenue than it had anticipated and increased its loss provisions. “There’s no other items that really contributed to that miss,” Acting Chief Financial Officer Gabrielle Rabinovitch said on the earnings call, noting that PayPal specifically saw pressure related to business loans. Don’t miss: Analysts also flagged concerns... + full article



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