UPDATE 1-PayPal profit slumps as COVID-19 weighs on spending
PayPal Holdings Inc posted a
87.4% slump in quarterly profit on Wednesday as COVID-19
lockdowns hit consumer spending and forced the payments
processor to boost its credit loss reserves, sending its shares
down 3.7% in extended trading.
87.4% slump in quarterly profit on Wednesday as COVID-19
lockdowns hit consumer spending and forced the payments
processor to boost its credit loss reserves, sending its shares
down 3.7% in extended trading.
Posted by Reuters
