PayPal Earnings, Revenue Top Expectations, Shares Rise

PayPal Holdings (PYPL) said Thursday that adjusted fiscal third-quarter earnings were 46 cents a share, up 31% from a year ago, with revenue rising 21% to $ 3.24 billion, topping consensus estimates. A year earlier, PayPal earned 35 cents a share on sales of $2.67 billion.

Analysts expected PayPal to report earnings of 43 cents on sales of $3.18 billion for the period ended Sept. 30. Shares in the e-commerce payment processor rose 4.3% to 70.14 in after-hours trading in the stock market...

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