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PayPal Stock Rises Sharply After Beat-and-Raise Quarter

PayPal Holdings has been a “show me” story this year, and the latest quarter looks like a good chapter. For its second fiscal quarter, the fintech reported adjusted earnings of $1.19 per share, beating Wall Street’s call for 99 cents, according to FactSet. PayPal stock was up 5.9% to $62.38 in premarket trading Tuesday. Read More...

PayPal Holdings has been a “show me” story this year, and the latest quarter looks like a good chapter. For its second fiscal quarter, the fintech reported adjusted earnings of $1.19 per share, beating Wall Street’s call for 99 cents, according to FactSet. PayPal stock was up 5.9% to $62.38 in premarket trading Tuesday.

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