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PayPal Outperforms Earnings Estimates but Shares Slip on Outlook
PayPal posted better-than-expected revenue and earnings for Q3, though shares dipped due to conservative guidance on consumer and competitive pressures.
PayPal exceeded analyst expectations for Q3, reporting earnings per share of $1.40 compared to the $1.30 forecast. Revenue reached $1.64 billion, surpassing estimates of $1.5 billion. Despite the strong beat, shares declined about 4% in pre-market trading after management issued cautious commentary on consumer spending trends and competitive challenges impacting near-term growth visibility.