PayPal (PYPL) stock plunged as the company reported a decline in payment transactions, despite earnings beating on both the top and bottom

Shares of PayPal Holdings (PYPL) were tumbling 11% in late-day trading Tuesday, Feb. 4, despite reporting earnings that beat consensus estimates and providing guidance for the coming year that exceeded expectations.

PayPal easily beat quarterly estimates for earnings and sales and issued solid guidance, but it wasn’t enough to boost the stock.The fintech stock fell 11% to $79.35 on Tuesday, and was on pace for its largest daily percentage decrease in nearly a year,