PayPal Raises Earnings Guidance as Quarterly Revenue Growth Slows
PayPal said third-quarter revenue rose 2% to $8.58 billion, below analysts’ estimate of $8.71 billion. Shares dipped in morning trading Tuesday.
Shares of PayPal Holdings (PYPL) dipped in morning on Tuesday after the payments firm upped its full-year profit outlook but reported its slowest quarterly net revenue growth of the year.PayPal said revenue rose 2% to $8.58 billion in the third quarter versus analysts' estimate of $8.71 billion, ac…