UPDATE: PayPal Holdings Q2 Adj $1.16 Beats $1.05 Estimate, Sales $7.29B Beat $6.59B Estimate
Portfolio Pulse from Benzinga Newsdesk
PayPal Holdings reported Q2 earnings with an adjusted $1.16 per share, beating the $1.05 estimate. Sales also exceeded expectations at $7.29B, surpassing the $6.59B estimate.
August 04, 2023 | 12:12 pm
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POSITIVE IMPACT
PayPal's Q2 earnings and sales exceeded estimates, which could positively impact the company's stock price in the short term.
Earnings reports are a significant factor in a company's stock price. PayPal's better-than-expected Q2 earnings and sales could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100