Jennifer Surane / Bloomberg:
PayPal reports Q3 revenue up 12% YoY to $6.85B, vs. $6.81B est., and payments volume up 14% YoY to $337B, vs. $343.2B est.; stock drops 8%+ on lower FY forecast — PayPal Holdings Inc. trimmed its forecast for annual revenue amid a slowdown in spending growth on its platform. The shares fell as much as 14%.
