PayPal Holdings Q2 EPS $1.16 Beats $1.05 Estimate, Sales $6.81B Beat $6.59B Estimate
Portfolio Pulse from Benzinga Newsdesk
PayPal Holdings reported Q2 earnings of $1.16 per share, beating the analyst consensus estimate of $1.05 by 10.48%. The company also reported quarterly sales of $6.81 billion, surpassing the analyst consensus estimate of $6.59 billion by 3.28%. This represents a 24.73% increase in earnings from the same period last year.
August 04, 2023 | 12:08 pm
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POSITIVE IMPACT
PayPal's Q2 earnings and sales exceeded analyst estimates, indicating strong financial performance.
Positive earnings reports typically lead to an increase in stock price as they indicate strong financial performance. PayPal's Q2 earnings and sales beat estimates, which is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100