) is drawing investor attention after reporting second quarter earnings that beat expectations on both revenue and profit. The company reported revenue of $7.89 billion, surpassing estimates of $7.82 billion. Adjusted earnings per share also beat projections, coming in at $1.19 compared to analyst estimates of $1.00.
There you're taking a look at shares a PYPL up by about 8.8% here, and I mean I was I was pretty excited to talk about PayPal here this morning. Um, because we did see a little bit of movement there on the, um, payment transactions per active accounts, uh, actually increasing by about 11%.The payment transactions increased 8% during the second quarter by about 8%.So all of that considered, we're gonna get a few reads on the consumer, whether that be where they're spending or digitally how they might be spending as we are with PayPal here today.
But when it comes to some of these results here from PayPal, their second quarter transaction margin growth margin growth of 8% that exceeded the street's expectations and Mizuho writing that even exceeded the rosiest expectations.So we're seeing the jump here at the open up just more than eight, and the biggest move to the upside that we have seen in November of 2022.
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