PayPal reports Q4 revenue of $8.68B, missing the $8.80B estimate

PayPal’s stock collapsed 20% on Tuesday after it delivered weak Q4 earnings, missed revenue expectations, and warned about a sluggish year ahead. The company pulled in $8.68 billion in revenue for the quarter, missing Wall Street’s forecast of $8.80 billion. That wasn’t all. Adjusted profit came in at $1.23 per share, shy of the $1.28 […]