PayPal forecasts Q4 revenue below estimates as profit push puts growth behind [Yahoo! Finance]
Fiserv, Inc. (FI)
Last fiserv, inc. earnings: 2/25 07:00 am
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Source: Yahoo! Finance
Efficiency has been a focal point for PayPal as CEO Alex Chriss, who took the helm last year, stresses on cost discipline, resulting in job cuts and increased investments in automation and artificial intelligence. The strategy shift has also led the company to moderate growth in low-margin units such as Braintree, which provides payments technology to businesses, and instead focus on lucrative segments like branded checkout. "We are making solid progress in our transformation as we bring new innovations to market, forge important partnerships with leading commerce players, and drive awareness and engagement through new marketing campaigns," CEO Chriss said. PayPal expects revenue in the fourth quarter to grow by a "low single-digit" percentage compared with the 5.4% range analysts polled by LSEG had expected. Third-quarter revenue jumped 6% to $7.85 billion but missed estimate of $7.89 billion. Still, strong spending trends allowed PayPal to lift its 2024 profit forecast for
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News
- Melio Raises $150 Million To Expand B2B Payments Partnerships [Yahoo! Finance]Yahoo! Finance
- Melio Raises $150 Million To Expand B2B Payments PartnershipsBusiness Wire
- Fiserv Furthers Investment in Small Business Success, Unveiling All-in-One Clover Solutions for Restaurants, Retailers and Service BusinessesBusiness Wire
- Fiserv, Inc. (NYSE: FI) had its price target raised by analysts at Tigress Financial from $190.00 to $244.00. They now have a "buy" rating on the stock.MarketBeat
- PayPal forecasts Q4 revenue below estimates as profit push puts growth behind [Yahoo! Finance Canada]Yahoo! Finance Canada
FI
Earnings
- 10/22/24 - Beat
FI
Sec Filings
- 10/31/24 - Form 4
- 10/30/24 - Form 144
- 10/30/24 - Form 4
- FI's page on the SEC website