PayPal Reports Strong Second Quarter Results and Raises Revenue Outlook

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Wells Fargo Downgrades PayPal (PYPL) to Market Perform

July 22, 2016 7:17 AM EDT

Wells Fargo downgraded PayPal (NASDAQ: PYPL) from Outperform to Market Perform.

For an analyst ratings summary and ratings history on PayPal click here. For more ratings news on PayPal click here.

Shares of PayPal closed at $40.13 yesterday.

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PayPal (PYPL) Reports In-Line Q2 EPS

July 21, 2016 4:07 PM EDT

PayPal (NASDAQ: PYPL) reported Q2 EPS of $0.36, in-line with the analyst estimate of $0.36. Revenue for the quarter came in at $2.65 billion versus the consensus estimate of $2.6 billion.

GUIDANCE:

PayPal sees Q3 2016 EPS of $0.33-$0.35, versus the consensus of... More