PayPal’s Earnings Surpass Estimates, Stock Falls After Braintree Concerns
PayPal Holdings (PYPL) reported its fourth-quarter earnings and revenue on Tuesday, exceeding Wall Street estimates. The digital payments firm said it expects flat to low single-digit revenue growth in the first quarter, primarily due to renegotiation efforts with subsidiary Braintree. Braintree’s payment volume and revenue are expected to decline if customers migrate their business to … Read more