PayPal topped Wall Street estimates for the quarter and raised full-year guidance, as CEO Alex Chriss pushes profitability over volume.
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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:
PayPal's stock lost nearly a third of its value last year due to slowing growth and competition concerns.
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