PayPal (PYPL) reports Q2 results that beat expectations, with revenue of $8.68B and adjusted earnings of $1.38 per share. Analysts raise price targets.
PayPal Holdings Inc.
(NASDAQ:PYPL) on Tuesday reported upbeat second-quarter results.
The payments company, which owns Venmo, reported revenue of $8.68 billion, up 5% year over year and ahead of the analyst consensus estimate of $8.47 billion.
Adjusted earnings came in at $1.38 per share, topping estimates of $1.28, according to Benzinga Pro.
The reported acquisition interest from private equity firm Advent and payments company Stripe also remains in focus for investors.
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