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PayPal Holdings Inc. (PYPL) Is Falling On Weak Outlook

PayPal Holdings Inc. (PYPL) reported fourth quarter EPS of $0.55 after the close Wednesday, up from $0.42 in the previous year. Street expectations were for EPS of $0.52.

The company expects to report full year 2018 non-GAAP EPS of $2.24 to $2.30 and first quarter non-GAAP EPS of $0.52 to $0.54. Street expectations are for EPS of $2.25 and $0.54 respectively. The stock is now down 2.12 on 1.3 million shares.

PayPal posted gains in early trade Wednesday, but settled into a range for the bulk of the session. The stock closed up by 1.54 at $85.32. PayPal closed challenging the highs of the year.

by RTTNews Staff Writer

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