PayPal (PYPL) reported its fiscal Q2 2022 earnings on Tuesday evening -- and on Wednesday, the crowd went wild. On a good day for tech stocks, with the Nasdaq rising 2.6%, PayPal shares blew past the competition and closed the day up 9%. So what did investors like about PayPal's Q2 report? What wasn't to like? Sales grew 9% to $6.8 billion, edging out consensus sales targets. GAAP results showed a loss for the quarter ($0.29 per share). But pro forma profits were a strong $0.93 per share, ahead of analyst forecasts for $0.86. Free cash flow grew 22% year over year to $1.3 billion.
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PayPal (NASDAQ:PYPL)
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