Finance
PayPal Shares Fall After Revenue Forecast Misses Estimates
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PayPal Holdings Inc. shares dropped the most in almost nine months after the firm’s fourth-quarter revenue forecast fell short of analysts’ estimates.
Revenue will climb in the low single-digit range in the final three months of the year, the company said Tuesday, while analysts had been predicting a 5.4% increase. Third-quarter revenue of $7.85 billion was also slightly below expectations.