After Mastercard, PayPal sees revenue hit from coronavirus outbreak [Toronto Globe and Mail (Ontario, Canada)]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Toronto Globe and Mail
After Mastercard, PayPal sees revenue hit from coronavirus outbreak Payments processor PayPal Holdings Inc said on Thursday it expects first-quarter revenue to be at the lower end of its previously forecast range, blaming disruptions caused by the coronavirus outbreak and sending its shares down 1.5 per cent. “We currently estimate the negative impact from COVID-19 to be an approximate one percentage point reduction, to PayPal’s year-over-year revenue growth for the first quarter,” the company said in a statement. The virus, which has killed more than 2,700 and infected 78,000 people so far in China, has slammed the brakes on the world’s second-largest economy. It has spread to 44 other countries, raising fears of a global pandemic. The company, which had forecast first-quarter revenue of $4.78 billion-$4.84 billion last month, said the global spread of the virus had affected international cross-border e-commerce activity. PayPal said it is reaffirming its first-quarter earnings per s
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MA
Earnings
- 1/31/24 - Beat
MA
Sec Filings
- 4/19/24 - Form 4
- 4/17/24 - Form 144
- 4/16/24 - Form 4
- MA's page on the SEC website