U.S. stocks movement: PayPal plummets nearly 10% in pre-market trading
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Glonghui, May 5｜PayPal's pre-market trading reversed course, giving back gains seen after its earnings release, and is now plunging nearly 10%. In the latest news, PayPal's Q1 2026 net revenue reached $8.35 billion, estimated at $8.05 billion; adjusted earnings per share were $1.34, estimated at $1.27. PayPal plans to lay off employees, with the new CEO implementing strategies to reverse the downturn.
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