By Allison Prang

 

PayPal Holdings Inc. (PYPL) is expecting 2020 adjusted earnings that are below Wall Street guidance.

PayPal said it expects adjusted earnings to be between $3.39 and $3.46 a share. Analysts' consensus is for $3.49 a share, according to FactSet.

The company said in October in a preliminary outlook for 2020 that it expected adjusted earnings to be increase between 17% and 18%.

The company also said Wednesday it expects 2020 revenue to increase 17% to 18% to between $20.8 billion and $21 billion. Analysts' consensus is $20.78 billion according to FactSet.

For the first quarter, PayPal said it expects adjusted earnings to be between 76 cents a share and 78 cents a share and for revenue to be between $4.78 billion and $4.84 billion, up 16% to 17%. Analysts polled by FactSet are expecting adjusted earnings of 82 cents a share and $4.85 billion in revenue.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

January 29, 2020 17:10 ET (22:10 GMT)

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