07:57 AM EDT, 10/29/2024 (MT Newswires) -- PayPal ( PYPL ) reported Q3 adjusted earnings Tuesday of $1.20 per diluted share, compared with $0.98 a year earlier.

Analysts surveyed by Capital IQ expected $1.07.

Net revenue for the quarter ended Sept. 30 was $7.85 billion, compared with $7.42 billion a year earlier.

Analysts surveyed by Capital IQ expected $7.89 billion.

The company said it now expects fiscal 2024 adjusted EPS to grow by a high teens percentage compared with its previous growth guidance of a low-to-mid teens percentage.

Analysts surveyed by Capital IQ expect normalized EPS of $4.42.

For Q4, PayPal ( PYPL ) said it expects adjusted EPS to decrease by a low-to-mid single digit percentage versus its prior guidance of a mid-single-digit decrease.

Analysts surveyed by Capital IQ expect normalized EPS of $1.10.

PayPal's ( PYPL ) shares were down more than 6% in recent Tuesday premarket trading.

Price: 78.49, Change: -5.10, Percent Change: -6.10