Earnings Recap – February 1st
PayPal reported Q4 earnings on Tuesday. The American financial technology company reported earnings of $1.11 per share, missing analysts’ expectations of $1.12 per share. Revenue was $6.92 billion vs. $6.87 as expected by analysts. For fiscal 2022, the company said it expects to earn between $4.60 and $4.7 per share, below forecasts for $5.25 per share.
Alphabet reported Q4 earnings on Tuesday. The American multinational tech company reported earnings of $30.69 per share, beating analysts’ expectations of $27.34 per share. Revenue grew 32% from last year to $75.33 billion vs analysts’ expectations of $72.17 billion. Alphabet also announced a 20-for-1 stock split that will occur in July.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.