PayPal Sees Revenue Hit From Coronavirus Outbreak

Reuters

“Payments processor PayPal Holdings Inc ( PYPL.O ) said on Thursday it expects first-quarter revenue to be at the lower end of its previously forecast range, as online transactions globally took a hit from the coronavirus outbreak. Several companies, including Apple Inc ( AAPL.O ), Mastercard Inc ( MA.N ) and American Airlines Group Inc ( AAL.O ), have warned of a hit from the rapid spread of the epidemic that has disrupted supply chain, hurt global travel and led to temporary shutdowns of businesses.”