PayPal Reports Earnings That Exceed Analysts’ Estimates
Photographer: David Paul Morris/Bloomberg
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PayPal Holdings Inc. reported quarterly earnings that exceeded analysts’ estimates, sparking a surge in the stock.
Adjusted earnings per share in the third quarter was 61 cents, compared with analyst estimates of 52 cents. It was 58 cents in the same period last year. It gave a forecast for the fourth quarter of 81 cents to 83 cents, compared with estimates of 81 cents.