PayPal shares are up 4.85% in the extended session Thursday after the company beat revenue and earnings expectations. PayPal shares rose to $70.50 after hours. The company reported third-quarter net income of $380 million, or 31 cents a share, compared to $323 million, or 27 cents a share, in the year-ago period. Adjusted earnings were 46 cents a share. Revenue rose to $3.24 billion from $2.67 billion in the year-ago period. Analysts surveyed by FactSet had estimated 32 cents a share on revenue of $3.178 billion. Analysts modeled adjusted earnings of 43 cents a share. For the fourth quarter, analysts model earnings of 39 cents a share on revenue of $3.565 billion. PayPal stock rose 68.71% this year, with the S&P 500 index rising 14.4%.
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