PayPal Shares Slump as Revenue Growth Slows

Posted on by American Coins & Gold

PayPal Shares Slump as Revenue Growth Slows
Shares of PayPal (PYPL) fell more than 16% after the payments giant reported Q4 earnings that just missed analyst estimates and a slowdown in revenue growth.Total revenue rose 13% to $6.9 billion, in line with the consensus of analysts’ estimates, according to FactSet, but significantly slower than the 25% growth recorded in the year-ago quarter.PayPal reported adjusted earnings per share of $1.11 for the fourth quarter, just below the analyst consensus estimate of $1.12.PayPal added 9.8 million net new active accounts in the quarter, including 3.2 million from the acquisition of Paidy. That was down, however, from 13.3 million net…