paypal forecast – pressnews

[ad_1] PayPal Holdings Inc. shares fell after the company trimmed its forecast for annual revenue amid a slowdown in spending growth on its platform. PayPal Holdings Inc. shares fell after the company trimmed its forecast for annual revenue amid a slowdown in spending growth on its platform. Payments volume on PayPal's platforms jumped 14% to $337 billion in the third quarter, missing the $343.2 billion average estimates from analysts. PayPal said it now expects revenue for the year to jump 10% to $27.5 billion, compared with an earlier forecast of $27.85 billion. “Clearly, you're seeing discretionary spending under pressure as people spend more and more of their disposable income on gas, food and rent,” Chief Executive Officer Dan Schulman said Thursday in an interview. Schulm...