Latest news with #Holdings
Yahoo
11 hours ago
- Business
- Yahoo
PayPal shares drop despite earnings beat and raised guidance
-- PayPal (NASDAQ:PYPL) Holdings, Inc. reported second-quarter earnings that exceeded analyst expectations, but shares fell 4% as investors appeared to focus on slowing transaction growth metrics. The digital payments giant posted adjusted earnings per share of $1.40 for the second quarter, beating the analyst estimate of $1.30. Revenue came in at $8.3 billion, surpassing the consensus estimate of $8.08 billion and representing a 5% increase YoY. Transaction (JO:NTUJ) margin dollars grew 7% to $3.8 billion, with transaction margin dollars excluding interest on customer balances increasing 8% to $3.5 billion. Despite the strong financial results, PayPal's payment transactions decreased 5% to 6.2 billion. When excluding payment service provider transactions, payment transactions increased 6%. Total payment volume rose 6% to $443.5 billion, or 5% on a currency-neutral basis. "PayPal had a strong second quarter. We delivered another quarter of profitable growth, driven by continued strength across many of our strategic initiatives ranging from PayPal and Venmo branded experiences to PSP and value-added services," said Alex Chriss, President and CEO of PayPal. The company raised its full-year guidance, now expecting adjusted earnings per share of $5.15-$5.30, up from its previous forecast of $4.95-$5.10 and above the analyst consensus of $5.10. For the third quarter, PayPal projects adjusted EPS of $1.18-$1.22, compared to the consensus estimate of $1.21. Operating income showed significant improvement, with GAAP operating income increasing 14% to $1.5 billion and non-GAAP operating income rising 13% to $1.6 billion. Operating margins also expanded, with GAAP operating margin up 134 basis points to 18.1% and non-GAAP operating margin increasing 132 basis points to 19.8%. Related articles PayPal shares drop despite earnings beat and raised guidance Clients buying into summer rally, bracing for later pullback, says BofA's Hartnett If Powell goes, does Fed trust go with him? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
12 hours ago
- Business
- South China Morning Post
Ex-chairman of Hong Kong-listed Neo-China surrenders after 13 years on the run
A former top executive of a Hong Kong-listed company surrendered to the city's anti-corruption agency on Tuesday after more than a decade on the run. Advertisement Li Songxiao, the former chairman of Neo-China Group (Holdings), now known as Shanghai Industrial Urban Development Group (SIUD), handed himself over to the Independent Commission Against Corruption (ICAC) over his involvement in fraudulent property deals worth more than HK$330 million (US$42 million). Li had allegedly conspired with two then senior executives, Che Hanshu and Zhang Yaohui, to defraud shareholders and the Hong Kong stock exchange, by inflating the profit and assets of the developers through fraudulent transactions, according to a statement from ICAC. Warrants for the trio were issued in February 2011 by a magistrate, but by that time they had already left Hong Kong, ICAC said. Li, Che and Zhang had conspired with the company's secretary and financial controller to defraud shareholders between November 2003 and July 2007, it added. Li, 59, faces two common law charges of conspiracy to defraud. He is scheduled to appear at Eastern Magistrates' Courts for a mention hearing on Wednesday. Advertisement The charges centre on two property deals in which Neo-China allegedly misled investors – one involving the HK$210 million purchase of Top Fair, and another concerning the HK$123 million sale of its subsidiary, Noble Time Development, to Northwest Link.
Bloomberg
14 hours ago
- Business
- Bloomberg
PayPal Raises 2025 Profit Forecast as Venmo Revenue Jumps 20%
PayPal Holdings Inc. raised its 2025 earnings forecast for this year based on momentum in several of its business lines, including the Venmo payments platform, as attempts to make the brand more prominent start to bear fruit. Annual per-share adjusted earnings will probably be $5.15 to $5.30 this year, up from a previous forecast of $4.95 to $5.10, PayPal said in a statement Tuesday.
Yahoo
3 days ago
- Business
- Yahoo
Ubisoft Names Co-CEOs of Tencent-Backed Subsidiary
Ubisoft Entertainment appointed two co-chief executives to lead a new subsidiary that the Assassin's Creed maker is creating with financial support from Chinese internet giant Tencent Holdings. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
IQVIA Holdings (IQV) Snaps 2-Day Losses on Higher-than-Expected Earnings
We recently published . IQVIA Holdings Inc. (NYSE:IQV) is one of Tuesday's top performers. IQVIA Holdings snapped a two-day losing streak on Tuesday, jumping by 17.88 percent to close at $187.38 apiece as investor sentiment was bolstered by higher-than-expected earnings performance in the second quarter of 2025. In its earnings release, IQVIA Holdings Inc. (NYSE:IQV) said revenues during the period grew by 4 percent to $4.017 billion from $3.814 billion in the same period last year, pushing the six-month figure by 3.9 percent to $7.846 billion from $7.551 billion year-on-year. However, net income for the second quarter was lower by 26.7 percent to $266 million from $363 million year-on-year, while net profit for the six-month period declined by 20.89 percent to $515 million from $651 million year-on-year. For the full year, IQVIA Holdings Inc. (NYSE:IQV) lowered its revenue guidance to $16.1 billion to $16.3 billion, from $16 billion to $16.4 billion previously. A researcher in a lab with a microscope examining a sample. 'This revenue guidance assumes approximately $100 million of COVID-related revenue step-down, entirely in R&DS, approximately 100 basis points of tailwind from foreign exchange, and approximately 150 basis points of contribution from acquisitions,' the company said. While we acknowledge the potential of IQV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
