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PayPal's stock drops 4.2%, despite beating earnings and revenue estimates in the latest report.
PayPal's stock fell by 4.2% on Friday, trading as low as $57.32, with a significant drop in trading volume.
Despite this, PayPal's earnings report on February 4th showed earnings per share (EPS) of $1.19, exceeding the consensus estimate of $1.11.
Revenue was $8.37 billion, also beating estimates.
Analysts predict a 5.03 EPS for the year.
Institutional investors like Dynamic Technology Lab have increased their stakes, while others like Ashburton Jersey have reduced theirs.
The company operates a digital payment platform connecting merchants and consumers.
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Las acciones de PayPal disminuyen un 4,2%, a pesar de superar las estimaciones de ingresos y ganancias en el último informe.