PYPL Stock Drops as Revenue Growth Slows Despite Earnings Beat

TLDR PYPL stock declined Tuesday as PayPal’s third-quarter revenue of $8.58 billion missed analyst estimates. Adjusted earnings reached $1.45 per share, exceeding forecasts of $1.31 despite a 3% decline in adjusted net income. PayPal’s payment volume increased 6% to $487.1 billion, while active accounts reached 440 million. Share repurchases totaled $1.5 billion during the quarter, [...]

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