PayPal (PYPL) had much to celebrate Monday on its first day of trading, with the stock up and receiving a positive report from JPMorgan. PayPal stock, which began trading on the Nasdaq Monday under the ticker PYPL, was up 7%, near 41, in midday trading on the stock market today. EBay stock was up 3% midday Monday, near 29. “PayPal is unique,” said company CEO Dan Schulman in a PayPal press release. “We have a singular focus on digital payments,
Specialty drugmaker Horizon Pharma (HZNP) jumped to a new high in early trading Monday after it issued strong preliminary Q2 sales and raised its full-year guidance. Horizon said sales in the quarter were about $170 million to $172 million, roughly a 160% increase over the year-earlier quarter and more than $40 million above analysts’ consensus, according to Thomson Reuters. It didn’t release any earnings numbers, but said Q2 EBITDA margin should
Verizon Communications’ (VZ) Q2 earnings are expected to rise 11% and revenue 3%, but the No. 1 U.S. telecom firm’s wireless services revenue might decline for the second time ever, and the second quarter in a row, amid tough price competition. Average revenue per user, a key financial metric, has been falling at Verizon as well as at rivals AT&T (T), Sprint (S) and T-Mobile US (TMUS) amid intensified wireless competition. Subscriber growth has