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PayPal: Q4 results in line, but forecasts disappoint

(CercleFinance.com) - PayPal last night reported Q4 results in line with expectations, although the forecasts provided by the online payment specialist visibly disappointed investors, causing the stock to collapse today on Wall Street.


For the current financial year, the San Jose (California) group said it expected net EPS of 4.60 to 4.75 dollars excluding exceptional items.

On this basis, financial analysts were expecting EPS of 5.25 dollars.

In Q4, the group's operating profit, excluding exceptional items, reached 1.5 billion dollars, stable, while its revenues rose by 13% to 6.9 billion dollars.

The group expects to add between 15 and 20 million new active accounts this year.

These prospects did not seem to satisfy the market, as PayPal's share price plumetted almost 25% on Wednesday morning in early trading.


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