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Technology Stocks : PayPal Inc. - PYPL

PYPL 65.34

+0.9%

Apr 25 9:30 AM EDT

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From: John Hayman	11/3/2020 11:18:25 AM
	of 156

It's down, it's up. GoPYPL John Earnings report came out. What happenedThe stock market was having a strong rally on Election Day, with all three major averages higher by at least 1% at 9:45 a.m. EST Tuesday. However, fintech giant PayPal Holdings ( NASDAQ:PYPL) was moving in the opposite direction, with shares down by about 5% shortly after the market opened. So whatPayPal reported its third-quarter earnings after the market closed on Monday, and the results were quite strong. Revenue soared by 25% year over year and the company posted $1.07 in adjusted EPS, an impressive 41% increase. And PayPal had 361 million active accounts at the end of September, adding more than 15 million during the third quarter alone. https://www.fool.com/investing/2020/11/03/heres-why-paypal-stock-is-falling-on-tuesday/

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