PayPal Suffers Worst Drop In Four Years After Profit Miss, CEO Set To Exit [zero hedge]
HP Inc. (HPQ)
Last hp inc. earnings: 2/24 04:05 pm
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Source: zero hedge
PayPal Suffers Worst Drop In Four Years After Profit Miss, CEO Set To Exit PayPal shares in New York premarket trading plunged 17%. If the losses hold through the cash session, this would mark the largest decline in four years. The selloff was sparked after the payments company reported adjusted profit and revenue that fell short of Bloomberg Consensus estimates, along with news that CEO Alex Chriss will be replaced. CFO Jamie Miller will serve as interim CEO until HP CEO Enrique Lores replaces Chriss. Newly appointed board chair David Dorman said that execution under the current CEO has failed to meet board expectations (translation: share price is too low), despite some progress. " While some progress has been made in a number of areas over the last two years, the pace of change and execution was not in line with the Board's expectations ," Dorman told investors. Fourth-quarter earnings missed the average analyst estimates tracked by Bloomberg, with the payments company highlighting
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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