PayPal Lifts Outlook and Stock Buybacks on Transactions

Key TakeawaysPayPal exceeded second-quarter profit and sales estimates, and raised its guidance and stock buybacks, powered by strong transactions.Transaction revenue beat forecasts, and transaction margin dollars were the most since 2021.Shares soared to move into positive territory for the year. PayPal Holdings (PYPL) shares shot higher Tuesday after the electronic payment service posted better-than-anticipated results and boosted both its guidance and stock buybacks on strong transaction gains. The compa ...