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PayPal's Total Payment Volume

PayPal's Total Payment Volume

Plus, Roku grows active accounts.

November 02, 2023

Photo by Marques Thomas on Unsplash

Today is Thursday, November 2, 2023.

The Early Bird Index today is 53.10.

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PayPal's Total Payment Volume

PayPal (Nasdaq: PYPL) climbed 3.95% in after-hours trading on Wednesday after reporting good financial results.

Financials: PayPal reported earnings of $1.30 per share in the past quarter and revenue of $7.4 billion; both were better than expected.

Powering the Story: Total payment volume grew 15% in the quarter. The company now expects full-year revenue to rise by 6% to 7%.

Final Thoughts: PayPal also appointed a new CFO on Thursday to join its recently hired CEO. The stock might be down 30% this year, but with a new CEO and now finally a new CFO, investors are hopeful about the future.

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Notables

Notable Earnings Today: Apple (Nasdaq: AAPL), Palantir Technologies (NYSE: PLTR), Shopify (NYSE: SHOP), Block (NYSE: SQ), Eli Lilly (NYSE: LLY), DraftKings (Nasdaq: DKNG), Starbucks (Nasdaq: SBUX), Novo Nordisk (NYSE: NVO), Carvana (NYSE: CVNA), Booking Holdings (Nasdaq: BKNG), Moderna (Nasdaq: MRNA), Coinbase (Nasdaq: COIN), PENN Entertainment (Nasdaq: PENN),Cigna (NYSE: CI), Expedia Group (Nasdaq: EXPE), Cloudflare (NYSE: NET), ConocoPhillips (NYSE: COP), Fidus Investment (Nasdaq: FDUS), Live Nation (NYSE: LYV), Marriott (Nasdaq: MAR), Peloton Interactive (Nasdaq: PTON), 1-800-FLOWERS (Nasdaq: FLWS), ACADIA Pharmaceuticals (Nasdq: ACAD), Molson Coors Brewing (NYSE: TAP), Fortinet (Nasdaq: FTNT), Crocs (Nasdaq: CROX), GoDaddy (NYSE: GDDY), Pioneer Natural Resources (NYSE: PXD), Barrick (NYSE: GOLD), Hyatt Hotels (NYSE: H), Papa John's (Nasdaq: PZZA), Paramount Global (Nasdaq: PARA), Shake Shack (NYSE: SHAK), Sweetgreen (NYSE: SG), Wendy's (Nasdaq: WEN), WW (Nasdaq: WW), ACI Worldwide (Nasdaq: ACIW), ADT (NYSE: ADT), ATI (NYSE: ATI), Allegiant Travel (Nasdaq: ALGT), Allegro Microsystems (Nasdaq: ALGM), American Electric Power Company (Nasdaq: AEP), Aptiv (NYSE: APTV), Arrow Electronics (NYSE: ARW), Atlassian (Nasdaq: TEAM), Autohome (NYSE: ATHM), Avient (NYSE: AVNT), Ball Corp (NYSE: BALL), Bausch Health (NYSE: BHC), Baxter (NYSE: BAX), Bill.com (NYSE: BILL), BorgWarner (NYSE: BWA), Canadian Natural Resources (NYSE: CNQ), Cars.com (NYSE: CARS), Cheniere Energy (NYSE American: LNG), Chuy's (Nasdaq: CHUY), Cirrus Logic (Nasdaq: CRUS), Clearway Energy (NYSE: CWEN), Cohu (Nasdaq: COHU), Cummins (NYSE: CMI), CyberArk Software (Nasdaq: CYBR), DigitalOcean (NYE: DOCN), DMC Global (Nasdaq: BOOM), Dropbox (Nasdaq: DBX), Duke Energy (NYSE: DUK), Entegris (Nasdaq: ENTG), Exelon (Nasdaq: EXC), Five9 (Nasdaq: FIVN), Floor & Decor (NYSE: FND), Fox Corp (Nasdaq: FOXA), Fox Factory Holding (Nasdaq: FOXF), Funko (Nasdaq: FNKO), Gildan Activewear (NYSE: GIL), Haemonetics (NYSE: HAE), Holly Energy Partners (NYSE: HEP), Howmet Aerospace (NYSE: HWM), Huntington Ingalls (NYSE: HII), Huron Consulting (Nasdaq: HURN), IdaCorp (NYSE: IDA), InterDigital (Nasdaq: IDCC), Ionis Pharmaceuticals (Nasdaq: IONS), Iron Mountain (NYSE: IRM), ITT (NYSE: ITT), Knowles (NYSE: KN), Lamar Advertising (Nasdaq: LAMR), Mister Car Wash (NYSE: MCW), Motorola Solutions (NYSE: MSI), MP Materials (NYSE: MP), Murphy Oil (NYSE: MUR), NRG Energy (NYSE: NRG), Omnicell (Nasdaq: OMCL), Organon (NYSE: OGN), Parker-Hannifin (NYSE: PH), Paylocity (Nasdaq: PCTY), Pinnacle West (NYSE: PNW), Pitney Bowes (NYSE: PBI), Portillo's (Nasdaq: PTLO), PPL Corp (NYSE: PPL), Qualys (Nasdaq: QLYS), Quanta Services (NYSE: PWR), S&P Global (NYSE: SPGI), SBA Communications (Nasdaq: SBAC), Sealed Air (NYSE: SEE), Skyworks Solutions (Nasdaq: SWKS), Spirit Realty Capital (NYSE: SRC), SPX Corp (NYSE: SPXC), Stryker (NYSE: SYK), Tempur Sealy International (NYSE: TPX), Trinity Industries (NYSE: TRN), Universal Display (Nasdaq: OLED), Virtu Financial (Nasdaq: VIRT), Westlake (NYSE: WLK), Yelp (NYSE: YELP), Zoetis (NYSE: ZTS).

Notable IPOs Today: Net Lease Office Properties (NYSE: NLOP), JPMorgan Healthcare Leaders ETF (Nasdaq: JDOC).

Notable Equity Crowdfunding Campaigns Ending Today: Taste (StartEngine), Fire Department Coffee (StartEngine), Sentinels (StartEngine).

Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Nonfarm Productivity (8:30 a.m. ET), Unit Labor Costs (8:30 a.m. ET), Factory Orders (10:00 a.m. ET), Fed's Balance Sheet (4:30 p.m. ET).

Roku Keeps Growing Active Accounts

Giphy

Although Roku (Nasdaq: ROKU) announced a greater loss than expected on Wednesday, the stock surged 18.43% in after-hours trading after the company reported a big jump in active accounts.

Final Thoughts: Roku, up 47% this year, also raised its revenue guidance for the current quarter.

DoorDash Increases Total Orders

DoorDash (Nasdaq: DASH) posted mixed financial results on Wednesday, but the stock still jumped 8.02% in after-hours trading after the company reported that its total orders grew by 24%.

Final Thoughts: DoorDash, up 56% this year, also produced a better-than-expected outlook for earnings.