5 Stocks Drawing Attention on Earnings Reports

2. PayPal Holdings, Inc. (NASDAQ:PYPL)

Number of Hedge Fund Holders: 123

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) took a deep dive in the pre-market trading session on Wednesday, January 2, 2022, hitting a nearly nine-month low, following its fourth-quarter results.

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PayPal Holdings, Inc. (NASDAQ:PYPL) reported adjusted earnings of $1.11 per share, slightly higher than $1.08 per share in the comparable period of 2020. Revenue for the quarter rose 13 percent on a year-over-year basis to $6.92 billion.

Analysts were expecting PayPal Holdings, Inc. (NASDAQ:PYPL) to post earnings of $1.12 per share on revenue of $6.87 billion. Total payment volume (TPV), a key growth driver, jumped 23 percent to $339.5 billion in the quarter.

Looking forward, PayPal Holdings, Inc. (NASDAQ:PYPL) expects adjusted earnings of around 87 cents per share for the first quarter, below expectations of $1.16 per share. In addition, it projected revenue growth of six percent for the same period.