Investing.com - PayPal Holdings Inc reported third quarter earnings that missed analyst's expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.36 on revenue of $3.68B. Analysts polled by Investing.com anticipated EPS of $0.54 on revenue of $3.67B. That compared to EPS of $0.46 on revenue of $3.24B in the same period a year earlier The company had reported EPS of $0.58 on revenue of $3.86B in the previous quarter.
PayPal Holdings Inc shares gained 7.46% to trade at $83.26 in after-hours trade following the report.
For the year, PayPal Holdings Inc shares are up 4.38%, under-performing the Nasdaq 100 which is up 10.64% year to date.
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