The PayPal application can be seen on a mobile phone.
Felix Kästle | picture alliance | Getty Images
However, after initially rising in extended trading, PayPal shares reversed course and fell 5% after the company issued a revenue forecast for next year that missed analysts’ estimates.
Here’s how the company did versus expectations:
- Earnings per share: $1.11, adjusted, vs. $1.07 expected in a Refinitiv survey of analysts
- Revenue: $6.18 billion vs. $6.23 billion expected
Total payment volume rose 26% to $310 billion for…