PayPal Holdings Q2 2024 Adj EPS $1.19 Beats $0.98 Estimate, Sales $7.90B Beat $7.81B Estimate
Portfolio Pulse from Benzinga Newsdesk
PayPal Holdings (NASDAQ:PYPL) reported Q2 2024 earnings per share of $1.19, beating the analyst estimate of $0.98 by 21.43%. The company also reported sales of $7.90 billion, surpassing the $7.81 billion estimate and marking an 8.41% increase from the same period last year.
July 30, 2024 | 11:02 am
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POSITIVE IMPACT
PayPal Holdings reported strong Q2 2024 earnings, with EPS of $1.19 beating estimates by 21.43% and sales of $7.90 billion surpassing expectations. This positive performance is likely to boost investor confidence and drive the stock price up in the short term.
The significant beat on both EPS and sales estimates, along with a notable year-over-year sales increase, indicates strong financial performance. This is likely to positively influence investor sentiment and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100