After Solid Q1 Results, Is Now the Time to Buy PayPal Stock? [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
80% pullback from its highs). However, there are signs a turnaround is in the works. The payments powerhouse reported good results across several important metrics in its first-quarter earnings report. More important, it continues to set itself up for future success by reinvesting back into the business to help drive growth. PayPal's numbers show happy users PayPal's first-quarter results were very solid, with revenue rising 9% (or 10% if you exclude foreign currency effects) to $7.7 billion. Adjusted earnings per share (EPS) rose 27% to $1.08. You might have expected a different number if you'd been following the company's guidance, but the company is now including the effects of stock-based compensation. The change is subtle, but I applaud it. Many companies take out this non-cash expense when reporting adjusted EPS, but stock comp is a real expense that increases overall share count and dilutes shareholders, so PayPal is actually being more transparent about its profitability
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Earnings
- 5/2/24 - Beat
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Sec Filings
- 5/17/24 - Form 8-K
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- DKNG's page on the SEC website