
Shares of PayPal Holdings Inc (NASDAQ:PYPL) gained 11% on Thursday after the company reported a revenue beat but cut its 2022 guidance.
On Wednesday, PayPal reported adjusted first-quarter EPS of 88 cents, in-line with analyst estimates. Revenue for the quarter was $6.5 billion, ahead of consensus expectations of $6.4 billion. Revenue was up 8% from a year ago.