PayPal sees 2026 profit below estimates, names HP's Lores as CEO [Yahoo! Finance Canada]
HP Inc. (HPQ)
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Source: Yahoo! Finance Canada
Feb 3 (Reuters) - PayPal issued a lackluster profit forecast for 2026 and reported fourth-quarter earnings below Wall Street expectations on Tuesday, while naming HP's Enrique Lores as its president ?and CEO. Shares of the company slumped nearly 16% in premarket trading, after the payments giant's board ?said the pace of change and execution under current CEO Alex Chriss was not in line with its expectations. Chriss was tasked with ?steering PayPal through a challenging period as post-pandemic trading volumes declined and competitive pressures in its core business from large technology companies and newer fintech rivals intensified. PayPal said Chief Financial Officer Jamie Miller would serve as interim CEO until Lores assumes the role on March 1. Lores joins the payments firm from consumer electronics giant HP, where ?he was the president and CEO ?for more than six years. SPENDING TRENDS IN FOCUS Retail spending has softened as shoppers, squeezed by elevated interest rates
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News
- PayPal Stock Is Now Deep in Oversold Territory. Should You Buy the Dip After 8-Day Losing Streak? [Yahoo! Finance]Yahoo! Finance
- PayPal Stock Crashes After Weak Outlook and CEO Shake-Up [Yahoo! Finance]Yahoo! Finance
- Wall Street Lunch: PayPal Plunges As It Ousts CEO [Seeking Alpha]Seeking Alpha
- PayPal bulls set to win big as spooked investors 'puke in the hole': Analyst [Yahoo! Finance]Yahoo! Finance
- HP and Karamba Security Sign Multi-Year Licensing Agreement to Protect HP’s Printers GlobeNewswire
HPQ
Earnings
- 11/25/25 - Beat
HPQ
Sec Filings
- 2/3/26 - Form 8-K
- 12/30/25 - Form 4
- 12/29/25 - Form 8-K/A
- HPQ's page on the SEC website