PayPal’s Strong Q3 Earnings Send Share Prices to Fresh 52-Week High

[kreslik.news]

PayPal (NASDAQ:PYPL) has reported its Q3 earnings, which were capped off by strong revenues and earnings growth on a yearly basis, helping catapult the group’s share prices to a fresh 52-week high, according to a PayPal statement.

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PayPal’s revenues climbed higher in Q3 2016 to $2.67 billion on a neutral foreign exchange (FX) basis – this was virtually unchanged QoQ from $2.65 billion in Q2 2016. However, over a yearly basis, Q3’s revenues at the payments provider swelled 18.0% YoY from Q3 2015.

In addition, PayPal’s ... (read more)