Financial technology major PayPal Holdings, Inc. (NASDAQ: PYPL) posted stronger-than-expected results for the second quarter ended June 30, 2022. Both revenue and earnings exceeded expectations. Following the upbeat results, shares of the company rocketed by 11.3% to close at $99.75 in extended trade. Q2 Earnings Snapshot PayPal reported quarterly net revenues of $6.8 billion, which denotes a growth of 10% from the previous year’s quarter. Further, the figure topped the consensus estimate of $6.79 billion. However, the company’s earnings per share (EPS) for the quarter declined by 19% from the year-ago quarter to $0.93. Yet, it managed to surpass the consensus estimate of an EPS of $0.87.
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PayPal (NASDAQ:PYPL)
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