PayPal's (NASDAQ: PYPL) recently reported third-quarter results were well received by Wall Street. Revenue increased 8% year over year to $7.4 billion, while adjusted diluted earnings per share rose 20% to $1.30. Total payment volume, a key performance indicator for the business, was up 15% to $388 billion.
Although shares of the fintech leader have climbed 13% since the earnings announcement, they were still down 18% year to date as of Nov. 15 and were 81% below their peak price. Clearly, the market is still somewhat pessimistic about this company.
But does this situation present investors with a buying opportunity?
Source Fool.com