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Benzinga
Benzinga
Business
Adam Eckert

RARE PHOTOS: Why paypal shares are plunging today - The Real Truth

PayPal Holdings Inc (NASDAQ:PYPL) is trading significantly lower Wednesday morning after the company announced worse-than-expected fourth-quarter earnings results.

PayPal reported quarterly earnings of $1.11 per share, which came in below the $1.12 estimate. The company reported quarterly revenue of $6.9 billion, which beat the estimate of $6.86 billion.

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