PayPal Holdings Inc. (PYPL) - Get Report shares fell Wednesday in after-hours trading, after the payments company reported earnings that beat expectations, but revenue that slightly missed estimates. 

The stock was falling as much as 4.49% to $88.27 in late trade, after having risen 1.43% during the regular session.

PayPal reported adjusted earnings-per-share of 69 cents, beating Wall Street's estimates of 66 cents. GAAP EPS was 49 cents, beating estimates of 45 cents. Revenue came in at $4.23 billion, just missing analysts estimates of $4.24 billion. Net income was $584 million. 

PayPal's Venmo processed $19 billion of payments in the fourth quarter, an 80% year-over-year increase. 

In an interview with TheStreet, PayPal COO Bill Ready attributed much of the momentum to Venmo users adopting some of the newer and monetized features that PayPal has rolled out in recent quarters.  

"The thing we're seeing as we're introducing these new experiences -- Venmo Card, pay with Venmo, Instant transfers -- is really great adoption that's broad based across those different initiatives," Ready said.  

Full year 2018 adjusted EPS was $2.42 on revenue of $15.45 billion, the company reported. 

"In 2018 we set new benchmarks for the company for revenue, net new active accounts and engagement across our platform," said PayPal CEO Dan Schulman in an earnings release. "We launched new products, strengthened existing relationships, and entered into new strategic partnerships with some of the biggest and most influential global brands in technology, retail, and finance," he added. 

Full year 2019 EPS guidance from management was an adjusted amount of between $2.84 - $2.91, a bit lighter than what analysts had anticipated. Wall Street had been expecting full-year EPS of $2.89. Revenue expectations for the full year is between $17.85 billion and $18.1 billion, while analysts were looking for revenue of $18.04 billion. 

Ready added that this year, the company is focused on extending its leadership position in digital payments through continued investments in mobile, and in its growing footprint among small to mid-sized merchants. 

"We're seeing small to mid-size businesses going to a multitude of new forums to sell their wares, and we are intensely focused on that," Ready said.

Among non-Amazon merchants, more added PayPal as a form of payment last quarter than other payments options such as Amazon Pay and bitcoin, according to a recent report from Morgan Stanley's James Faucette. 

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