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Here's Why PayPal Stock Is Rising Today

TheMotleyFool

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PayPal (NASDAQ: PYPL) reported its third-quarter earnings yesterday afternoon, and it appears that the market is happy with the results. As of 11 a.m. EDT on Thursday, the payment processing and fintech giant's stock price had risen by more than 7%.

PayPal beat expectations on both the top and bottom lines. Not only was the company's $4.38 billion in revenue and $0.61 per share in earnings better than analysts had projected, but they represented strong year-over-year growth as well.

Image source: Getty Images.

Source Fool.com

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