Keeping It Simple

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PayPal (PYPL) reported earnings of $1.19 per share on revenue of $7.89 billion for the second quarter ended June 2024. The consensus earnings estimate was $0.96 per share on revenue of $7.78 billion. The Earnings Whisper number was $1.01 per share. The company beat expectations by 17.82% while revenue grew 8.21% on a year-over-year basis.

The company said it expects third quarter earnings of approximately $1.05 per share on revenue of approximately $7.79 billion. The current consensus earnings estimate is $0.99 per share on revenue of $7.93 billion for the quarter ending September 30, 2024. The company also said it now expects 2024 earnings of $4.21 to $4.46 per share. The company's previous guidance was earnings of $3.98 to $4.17 per share and the current consensus earnings estimate is $4.16 per share for the year ending December 31, 2024.