PayPal's weak margin eclipses upbeat spending outlook
PayPal Holdings (PYPL.O) shares fell 7 per cent in extended trading on Wednesday as investors were disappointed by the payments firm's quarterly operating margin, even as executives said they expect improvement towards the end of the year. Underwhelming margins at PayPal have been worrying analysts in recent quarters.
PayPal Holdings (PYPL.O) shares fell 7 per cent in extended trading on Wednesday. Image: Reuters