10 Firms Fall Amid Disappointing Earnings Performance

2. PayPal Holdings Inc. (NASDAQ:PYPL)

Shares of PayPal Holdings plummeted by 13.17 percent on Tuesday to end at $77.72 apiece following disappointing earnings performance in the fourth quarter of the year.

During the said period, PayPal registered a 20-percent drop in net income to $1.12 billion from the $1.4 billion registered in the same period last year. Revenues, however, were higher by 4 percent to $8.37 billion from $8.03 billion year-on-year.

Earnings per share were lower by 15 percent at $1.11 versus $1.29 year-on-year.

For the full year 2024, net income decreased by 2 percent to $4.15 billion from $4.25 billion in 2023. Net revenues, however, marked an increase of 7 percent at $31.8 billion from $29.77 billion in 2023.

Earnings per share inched up by 4 percent to $3.99 from $3.84.