PayPal beats on earnings, raises full-year outlook as Venmo growth accelerates
PayPal reported better-than-expected results for the second quarter and raised its full-year guidance for transaction margin dollars and earnings per share. The stock slipped more than 4% following the report.Here's how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG:Earnings per share: $1.40 adjusted vs. $1.30 expectedRevenue: $8.29 billion vs. $8.08 billion expectedSales increased 5% from $7.89 billion a year earlier, as CEO Alex Chriss worked to roll...
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