4 Surprising Ways PayPal's Third-Quarter Update Impressed Investors

Shares of PayPal (NASDAQ: PYPL) surged on Thursday, rising about 8% as of 1:00 p.m. EDT. The stock's gain follows the company's strong third-quarter update. Revenue jumped 19% year over year to $4.38 billion, exceeding analysts' average forecast for revenue of $4.35 billion. In addition, PayPal's non-GAAP earnings per share of $0.61 easily beat a consensus estimate for $0.51.

"We had an excellent quarter financially and operationally," said PayPal CEO Dan Shulman in the company's third-quarter update.

But there was more to like than these headline figures. Here are four other reasons investors are cheering PayPal's third-quarter update.

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Source Fool.com