'The company said in its earnings presentation that branded checkout, Braintree and Venmo all contributed to the transaction-margin growth in the latest quarter.
PayPal now expects low- to mid-single-digit growth in transaction-margin dollars for the full year, whereas its prior outlook was for “slightly positive” growth. The company also boosted its outlook on other metrics, including adjusted earnings per share. There, the company now anticipates growth in the low to mid-teens, above a prior forecast that called for mid- to high-single-digit growth.
“We are operating from a position of strength, delivering for our customers and focusing on long-term profitable growth,” Chief Executive Alex Chriss said in a statement.
For the third quarter, PayPal anticipates high-single-digit growth in adjusted earnings per share. The FactSet consensus of 98 cents implied that analysts were expecting an almost 25% decline in adjusted EPS for the third quarter.'