PayPal stock falls after company blames inflation for weak guidance

Shares of PayPal closed down 24% on Wednesday, a day after the company provided weak guidance that it blamed in part on inflation. PayPal reported mixed results for the fourth quarter. Earnings per share of $1.11, ex-items, missed the $1.12 expected. It beat on revenue estimates, though, reporting $6.92 billion vs. $6.87 billion expected, according … Read more

Microsoft stock turns green after strong sales forecast, reversing a post-earnings decline

Microsoft Corp sales topped $50 billion for the first time in the holiday quarter of 2021, and a stock slump turned around in late trading Tuesday after the software giant forecast stronger revenue in the current quarter than analysts had expected. Microsoft MSFT, -2.66% It reported fiscal second-quarter earnings of $18.8 billion, or $2.48 a … Read more

Netflix stands to shed nearly $45 billion in market cap after ‘borderline catastrophic’ forecast

Netflix brought in more than 8 million new subscribers in the quarter, but executives predicted that growth would suffer more than expected at the start of 2022, sending shares tumbling in after-hours trading. Netflix NFLX, -1.48% Thursday announced 8.3 million new paid subscribers in the fourth quarter, beating its forecast of 8.5 million but nearly … Read more