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via finance.yahoo.comMarkets

PayPal: Q3 profit above expectations, revenue below forecasts

FROM THE WIRE · FINANCE.YAHOO.COM

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Paypal Holdings Inc. (PYPL) on Tuesday reported third-quarter profit of $1.07 billion. On a per-share basis, the San Jose, California-based company said it had net income of $1.25. Earnings, adjusted for non-recurring costs, came…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralMixed results with adjusted profit above expectations and revenue below, so the net effect is unclear.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01PayPal reported third-quarter profit of $1.07 billion.
  2. 02Adjusted earnings per share were $1.45 against an estimate of $1.31.
  3. 03Revenue came in at $8.58 billion against expectations of $8.7 billion.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
PayPal Holdings, Inc.PYPLStock54.99 USDMarket closedtoday -3.56%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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