PayPal’s Dismal Earnings Send Shares Down 11%: Is the Sell-Off Justified or Is This an Overreaction?
PayPal (PYPL) profits have been under scrutiny by analysts and shareholders alike for a few months now. And after the digital payment processing firm reported its second-quarter earnings Wednesday, it appears that concern was substantiated. Despite a strong forecast, the lackluster margins for PayPal resulted in a strong sell-off in Thursday morning’s trading session. [...]