PayPal (NASDAQ: PYPL) reported Q2 EPS of $0.58, $0.01 better than the analyst estimate of $0.57. Revenue for the quarter came in at $3.86 billion versus the consensus estimate of $3.81 billion.

Announces $10 billion stock repurchase authorization.

“Our customer choice initiatives, partnership strategy and continued focus on being a customer champion are contributing to our sustained strong performance. We are pleased to have announced four acquisitions in the second quarter that advance our merchant value proposition and geographic reach. Our strategic decision to become an open platform committed to partnerships has increased the value that PayPal can offer our customers, both consumers and merchants,” said Dan Schulman, President and CEO of PayPal

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