At first glance, PayPal's (NASDAQ:PYPL) third-quarter results looked rather strong. Adjusted EPS grew by 8% year-over-year and handily beat analyst estimates, and management raised its full-year profit guidance. However, the stock initially fell modestly after the earnings report, and as of 2 p.m. ET on earnings day, it was higher by just 1%, despite the impressive earnings beat and guidance raise. Here's what is worrying investors, and why a beat and raise isn't enough to move the stock higher. Image source: PayPal.
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