PayPal Holdings Inc. (NASDAQ: PYPL) introduced monetary outcomes for the second quarter of 2024, reporting a rise in revenues and adjusted revenue. The numbers additionally exceeded analysts’ estimates.
Second-quarter revenues got here in at $7.9 billion, in comparison with $7.3 billion within the corresponding interval of 2023, and topped expectations. For the third quarter, the corporate expects revenues to develop in mid-single-digits.
Adjusted earnings had been $1.19 per share within the three months, in comparison with $0.87 per share within the year-ago quarter. On a reported foundation, internet revenue elevated to $1.13 billion or $1.08 per share in Q2 from $1.03 billion or $0.92 per share final 12 months.
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