PayPal (Nasdaq: PYPL) Q4 2024 Adjusted EPS of 1.$48, up from 1 expected by LSEG (formerly Refinitiv) analysts.36美元。Net revenue for the fourth quarter was 80.$300 million, up 9%, higher than market expectations of 78.700 million dollars。

Solid fourth quarter growth

The California-based company's net income surged 52 percent between October and December to $1.4 billion, or 1 percent per share..29美元。Net income for the same period last year was 9.$2.1 billion, or 0 per share.81 USD。

The company's total payments processed in the quarter were $409.8 million, up 15% year-over-year.。Operating margin also increased from 16.8% to 21.5%。

Errors in 2024 Guidance Plan

However, PayPal's guidance for the current fiscal year remains below expectations.。For the first quarter of 2024, the payments company expects year-over-year growth in its earnings per share to fall to single digits, compared with analysts' consensus estimate of 8..7%。Full-year expected earnings per share of 5.$10, 5 below market expectations.48美元。

PayPal's publicly traded shares plunged 8% in after-hours trading as it missed expectations。

PayPal, though a payments company, has now even ventured into areas such as cryptocurrency after years of massive expansion.。The company launched a new AI feature last month, which, according to the CEO, is the beginning of "the next chapter."。

Meanwhile, the company recently decided to cut 9 percent of its workforce, to about 2,500 positions.。Chris added: "We are driving a significant transformation across the company and are committed to making the necessary changes to our business to drive profitable growth in the years ahead."。"2024 is the year to focus on execution, and PayPal will have long-term success in this year."。