PayPal shares rise after Q1 earnings beat but forecast disappoints

PayPal reported its first-quarter earnings under new CEO Enrique Lores, showing a 2% growth in branded-checkout volume, an improvement from 1% in the previous quarter. This metric is closely watched as it reflects PayPal's competitiveness in the payment technology market. Despite beating earnings expectations, the company issued a disappointing forecast for the current quarter, causing mixed investor reactions. Shares rallied toward a three-month high following the report, indicating cautious optimism about PayPal's growth prospects.