They inform very totally different tales.
PayPal reported after the bell yesterday and traders weren’t happy. CEO Alex Chriss has solely been within the job a couple of months however that is the second setback within the final month following the disastrous “shock the world” assertion.
The principle difficulty was the ahead steerage as the corporate implied it won’t see significant enchancment in development or income this yr.
Distinction that with Adyen. The European on-line funds large reported robust development and higher than anticipated revenue numbers in 2023. It has additionally slowed hiring to guard its margins.
Traders liked Adyen’s outcomes and shares have been up 22% in buying and selling on Thursday whereas PayPal was down 11% as of this writing.
By Ingrid Lunden
Shares of European on-line funds large Adyen popped after the agency reported robust gross sales development and better-than-expected revenue numbers for 2023.
PayPal shares fell 9% in early buying and selling on Thursday after it forecast a flat adjusted revenue for 2024, disappointing traders who had hoped the funds agency’s newly appointed CEO will reignite its development.
By David Feliba
By Tony Allen
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