PayPal falls after earnings beat estimates but 3rd-quarter guidance disappoints

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PayPal shares declined Thursday as third-quarter revenue guidance fell short of expectations.PayPal said eBay's payments moving off its platform is happening faster than anticipated, dampening its outlook.PayPal's second-quarter adjusted earnings of $1.15 share beat expectations of $1.12 a share.See more stories on Insider's business page.
PayPal shares dropped Thursday after third-quarter revenue guidance fell short of expectations as a plan for eBay to migrate its payments off Pay