PayPal Q2 Earnings Call Highlights

• PayPal Rejected a $53 Billion Takeover Bid: Is the Stock Undervalued?

PayPal (NASDAQ:PYPL) reported second-quarter results that exceeded its expectations, citing maturation successful Venmo, recognition products and Braintree, portion raising full-year guidance for transaction borderline dollars and non-GAAP net per share.

CEO Enrique Lores said gross accrued 5% during the quarter, portion transaction borderline dollars roseate 1%. Excluding involvement connected lawsuit balances, transaction borderline dollars grew 3%. Non-GAAP net per stock declined 1% twelvemonth implicit twelvemonth to $1.38, but exceeded the company's guidance.

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Total outgo measurement reached $486 billion, expanding 9% connected a currency-neutral basis. Online branded checkout measurement grew 2% connected a currency-neutral ground for the 2nd consecutive quarter, portion Venmo and Braintree outgo measurement grew successful the mid-teens.

Raised Full-Year Outlook

Chief Financial and Operating Officer Jamie Miller said PayPal present expects full-year transaction borderline dollars of astir $15.6 billion, oregon $14.5 cardinal excluding involvement connected lawsuit balances. The institution raised its full-year non-GAAP EPS outlook to $5.38 and expects astatine slightest $6 cardinal of adjusted escaped currency flow.

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• PayPal Stock Surges connected $53 Billion Stripe-Advent Buyout Bid

The institution besides expects astir $6 cardinal successful stock repurchases for the year. PayPal repurchased $1.5 cardinal of banal during the 2nd quarter, bringing its trailing 12-month repurchases to $6 billion. It ended the 4th with $15.3 cardinal successful currency equivalents and investments and $13.4 cardinal successful debt.