PayPal earnings topped views while revenue and total payment volume missed estimates amid lowered expectations. PayPal stock dived. Read More...
Benzinga
Why PayPal Shares Are Falling Today
PayPal Holdings Inc (NASDAQ: PYPL) is trading lower Tuesday after the company announced worse-than-expected third-quarter revenue results and issued guidance below estimates. PayPal reported quarterly earnings of $1.11 per share, which beat the estimate of $1.07 per share. The company reported quarterly revenue of $6.18 billion, which came in below the estimate of $6.23 billion. PayPal expects fourth-quarter adjusted earnings to be about $1.12 per share versus the estimate of $1.27 per share. Th
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