Why Did PayPal Stock Jump Today?

Shares of PayPal (NASDAQ: PYPL) jumped on Tuesday, finishing the day up 3.9%. The move came as the S&P 500 and the Nasdaq Composite gained 0.2% and 0.8%, respectively.PayPal stock spiked as much as 12.8% today after the company released its third-quarter earnings, topping Wall Street's targets. The company also announced a key partnership with OpenAI.PayPal's Q3 numbers came in better than analysts had expected. The company's adjusted earnings per share (EPS) of $1.34 on sales of $8.4 billion beat consensus targets of $1.20 a share on $8.2 billion. PayPal also announced, for the first time, it will pay shareholders a dividend of 14 cents per share.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool