Saturday, September 23, 2023
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PayPal Crushes Earnings Estimates. The Stock Is Falling Anyway.

By Georgina Taylor
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PayPal Holdings’ turnaround efforts are taking hold as evidenced by the payments company’s third-quarter financial results released Thursday. PayPal stock has dropped 10% in response.

PayPal (ticker: PYPL) earned $1.15 per share on revenue of $6.85 billion, according to generally accepted accounting principles. On an adjusted basis earnings were $1.08 per share.

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