PayPal (PYPL)
reported Q2 FY2024 earnings of $1.19 per
share (versus $1.16 per share in Q2
FY2023), solidly beating analysts’ consensus estimate of $0.99 per share.
The company’s
quarterly revenues amounted to $7.885
bln (+8.2% y/y), beating analysts’ consensus estimate of $7.825 bln.
The company
also issued upside EPS guidance for
FY2024 of low- to mid-teens versus analysts’ consensus estimate of $4.18 or +9%
y/y.
In addition,
it increased share repurchase guidance to $6 bln from $5 bln due to stronger
FCF generation.
PYPL rose to $63.07 (+7.01%) in pre-market trading.