07:38 AM EDT, 07/30/2024 (MT Newswires) -- PayPal Holdings ( PYPL ) reported Q2 adjusted earnings Tuesday of $1.19 per diluted share, up from $0.87 a year earlier.

Analysts polled by Capital IQ expected $0.99.

Net revenue for the quarter ended June 30 was $7.89 billion, up from $7.29 billion a year earlier.

Analysts polled by Capital IQ expected $7.82 billion.

The company said it now expects full-year 2024 adjusted EPS to grow by a low to mid-teens percentage, a higher outlook than mid- to high-single digit previously. Analysts surveyed by Capital IQ expect adjusted EPS to be $4.16.

For Q3, the outlook for adjusted EPS growth is high single-digit, the company said. Analysts surveyed by Capital IQ expect adjusted EPS of $0.98.

PayPal ( PYPL ) shares were up more than 5% in recent Tuesday premarket activity.

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