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Barchart
Sristi Jayaswal

What to Expect From PayPal’s Next Quarterly Earnings Report

PayPal PYPL

San Jose, California-based PayPal Holdings, Inc. (PYPL) is a financial technology company that enables digital payments on behalf of merchants and consumers. With a market cap of $60.7 billion, PayPal’s operations span various countries around the globe. The fintech company is expected to announce its Q2 earnings before the market opens on Tuesday, July 30.

Ahead of the event, analysts expect PayPal to report a profit of $0.96 per share, up 15.7% from $0.83 per share reported in the year-ago quarter. The company has surpassed Wall Street’s EPS estimates in three of the past four quarters while missing on one other occasion. Its EPS for the last reported quarter grew 26.7% year over year to $1.09 and exceeded the consensus estimates by 18.5%.

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