PayPal’s Q3 Earnings Beat Estimates but Revenues Fall Short

PayPal’s Q3 Earnings Beat Estimates but Revenues Fall Short
PayPal’s (PYPL) adjusted earnings per share of $1.11 for the third quarter came in ahead of the analyst consensus estimate of $1.07, according to FactSet. But the company also posted revenue of $6.18 billion in the third quarter, which was short of estimates of $6.23 billion.The company posted total payment volume of $310 billion in the third quarter, up 24% from the year-ago period. It added 13.3 million net new active accounts in Q3 versus 11.4 million in Q2.PayPal’s transaction revenue rose to $5.61 billion during the third quarter, up 10% from the year-ago period, but down 3% from Q2.Part…