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PayPal (PYPL) CFO Rainey Discusses Q3 Revenue Beat

NEW YORK (TheStreet) --PayPal (PYPL) reported better-than-anticipated 2016 third-quarter revenue after the market close on Thursday.

The online payment service posted earnings of 35 cents per share, in line with analysts' expectations. Revenue came in at $2.67 billion, topping projections of $2.65 billion.

Additionally, PayPal announced its plan to partner with Chinese e-commerce giant Alibaba (BABA) to make PayPal a one-click payment option on the site, the company said on a conference call with investors yesterday.

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