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PayPal Misses on Guidance, but Concerns Remain Limited
Despite the boom in ecommerce, many industry players have missed meeting earnings expectations as of late. This is partly due to the difficult comparisons they face from the home-run Q1 many have had, and partly because all booms must cool off eventually. One such company in a related industry, PayPal Holdings, Inc. (PYPL), fell into this unfortunate category. The payment processing platform beat on earnings, but missed on Q3 outlook for both revenue and EPS. (See PayPal stock charts on TipRanks
