PayPal stock drops after weak second-quarter margins

PayPal stock drops after weak second-quarter margins

(Reuters) – Shares of PayPal Holdings fell nearly 9% in premarket trading on Thursday after the digital payments firm reported weak margins for the second quarter that overshadowed a strong outlook. The company reported an adjusted operating margin of 21.4% for the three months ended June 30, below estimates of 22%, according to Refinitiv IBES … Read more