PayPal Holdings Inc. reported third-quarter earnings that surpassed analyst expectations on profit but missed on revenue, leading to a decline in the company's stock price. The payments giant posted adjusted earnings per share of $1.20, beating the consensus estimate of $1.07. However, revenue came in at $7.85 billion, slightly below the $7.88 billion anticipated by analysts. As a result, PayPal's shares fell nearly 7% in pre-market trading. The company also provided a cautious outlook for the fourth quarter, forecasting revenue growth in the low single-digit percentages, reflecting its focus on profitable growth and adjustments to its pricing strategy. Despite this, PayPal raised its full-year non-GAAP guidance. The company now has 432 million active accounts and reported a total payment volume of $422.6 billion. PayPal's CFO noted that the 'consumer feels strong at this point' but expects lower volume and revenue growth from its Braintree unit in the near term.