PayPal beats Q4 profit estimates

This was also the company's first full quarterly results under the stewardship of CEO Alex Chriss, who is expected to announce plans on strategic initiatives later in the day. "We're driving significant transformation across our company and are committed to making the necessary changes to our business to drive profitable growth in the years ahead," Chriss said in a statement. PayPal posted a fourth-quarter adjusted profit of $1.48 a share for the three months ended Dec 31.