PayPal issues disappointing guidance even as fourth-quarter earnings top estimates

A PayPal sign is seen at its headquarters on January 30, 2024 in San Jose, California. PayPal announced plans to lay off 2,000 employees or 7 percent of its workforce.PayPal reported better-than-expected fourth-quarter results on Wednesday, but issued guidance that was a bit below estimates. The shares slipped in extended trading.Here's how the company did:Earnings per share: $1.48 adjusted, vs.$1.36 expected by LSEG, formerly known as RefinitivRevenue: $8.03 billion, vs.$7.87 billion expected, according ...