PayPal’s Shares Plummet After Revision to Operating Margin Forecast0
- Online community
- May 9, 2023
San Jose-based digital payments company PayPal Holdings Inc. announced a revision to its second-quarter operating margin forecast on Wednesday, causing shares to drop by more than 7%. The company now expects its operating margin to be lower than previously anticipated, due to higher-than-expected expenses associated with its recent acquisitions and strategic partnerships. PayPal is one
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