PayPal announces new $15B stock repurchase program
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Contributor since / Followers
Contributor since / Followers
2 months ago
- PayPal Holdings (NASDAQ:PYPL) announced on Tuesday a new $15B stock repurchase program.
- The payments company said the authorization comes in addition to the June 2022 stock repurchase program.
- The old share buyback program had $4.86B remaining authorization as of December 31, 2024.
- PYPL posted stronger-than-expected earnings and revenue and issued strong guidance, but its stock slumped 7.1% in Tuesday premarket trading as expenses exceeded the consensus estimate.