PayPal Crushes Earnings Estimates. The Stock Is Falling Anyway.

PayPal

Holdings’ turnaround efforts are taking hold as evidenced by the payments company’s third-quarter financial results released Thursday.

PayPal (ticker: PYPL) earned $1.15 per share on revenue of $6.85 billion, according to generally accepted accounting principles. On an adjusted basis earnings were $1.08 per share.