PayPal sees 2026 profit below estimates, names HP's Lores as CEO
Adrian Bogdan
Feb 3 : PayPal issued a lackluster profit forecast for 2026 and reported fourth-quarter earnings below Wall Street expectations on Tuesday, while naming HP's Enrique Lores as its president and CEO. Shares of the company slumped nearly 16 per cent in premarket trading, after the payments giant's board said the pace of change and execution under current CEO Alex Chriss was not in line with its expectations. Chriss was tasked with steering PayPal through a challenging period as post-pandemic
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