PayPal Holdings Inc PYPL shares are trading lower by 2.5% to $62.81 Tuesday morning. The stock also fallen some 16% over the trailing five sessions after the company last week reported a sequential decline in active accounts and second-quarter earnings.
The stock is also falling in sympathy with the broader market after Moody's downgraded its credit ratings of 10 U.S. banks and placed six others under review for potential downgrades.
What Happened With Earnings Last Week?
PayPal reported quarterly earnings of $1.16 per share, beating the analyst consensus estimate of $1.05 by 10.48% and representing a 24.73% increase over earnings of 93 cents per share from the same period last year.
The company's quarterly sales were $6.81 billion, exceeding the analyst consensus estimate of $6.59 billion by 3.28%, and remained consistent with the same period last year...Read More
According to data from Benzinga Pro, PayPal has a 52-week high of $103.03 and a 52-week low of $58.95.
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