BUZZ-PayPal falls after Q1 revenue miss

Reuters
04-29
BUZZ-<a href="https://laohu8.com/S/PYPL">PayPal</a> falls after Q1 revenue miss

** Payments firm PayPal PYPL.O shares down ~1.9% to $63.7 premarket after revenue miss

** Co reports Q1 revenue of $7.79 bln, missing the analysts' expectation of $7.85 bln, according to data compiled by LSEG

** PayPal posts Q1 adjusted earnings per share of $1.33, beating estimates of $1.16

** Co's operating expenses fall 4% to $6.26 bln

** 23 of 47 brokerages rate the stock "buy" or higher, 22 "hold" and two "sell or "strong sell"; their median PT is $85 - LSEG data

** As of last close, stock down ~24% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

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