PayPal Holdings Inc. rolled back its first-quarter revenue guidance, citing the impact of the international coronavirus outbreak on cross-border e-commerce activity.

PayPal expects revenue to come in at the lower end of its previous forecast of $4.78 billion to $4.84 billion, citing a one percentage point reduction in international cross-border e-commerce activity due to COVID-19. 

The company is maintaining its prior earnings forecast of 76 to 78 cents a share for the quarter on a non-GAAP basis. 

Coronavirus has rapidly spread from China to other major countries, killing 2,800, infecting 82,000 people worldwide and resulting in the withdrawal of airline service from numerous carriers and temporary shutdowns of international restaurant chains and other brands operating in parts of China. 

The forecast comes days after Mastercard warned of a two- to three-point reduction in first-quarter revenue growth due to coronavirus, resulting in a forecast of about 9-10% growth, compared with the year-ago period. 

Cover image: PayPal