PayPal continues to see strong revenue growth

PayPal reported fourth quarter earnings after the bell on Thursday, and they were just what investors were expecting. The stock was flat in initial after-hours trading,

Revenue came in at $2.98 billion, which is on par with analyst estimates and a 17% increase from last year. Adjusted earnings per share was 42 cents, which is also what Wall Street was forecasting.

Total payment volume was $99 billion, slightly below estimates of $101 billion, but a 22% jump from last year.

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