PayPal Holdings Inc (PYPL) Stock Pops on Earnings, But Trouble Is Brewing
PayPal earnings beat the consensus nicely, pushing PYPL stock to another all-time high. But the company hasn't solved a pivotal issue.
A Look at PayPal’s Strong Quarter
It’s hard to criticize PayPal earnings too strongly. After all, 17% revenue growth is nothing to sneeze at. Operating margins expanded 50 basis points, showing some leverage in the model. Earnings per share increased 19%, narrowly outpacing the top line increase.
It seems BlackBerry (NASDAQ: BBRY) is in luck. The enterprise software provider won a court order yesterday which temporarily lifts the Chapter 11 litigation stay on Avaya. This allows BlackBerry to continue its patent infringement case against Avaya without any regulatory hurdles. Although the battle is still half won, it does position BlackBerry favorably to receive another payday from a lawsuit filing.