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PayPal reported second-quarter earnings that topped Wall Street estimates on Wednesday. Here's how the company did compared with what Wall Street expected: Earnings per share: 58 cents vs. 57 cents, forecast by Thomson Reuters Revenue: $3.86 billion vs. $3.81 billion, forecast by Thomson Reuters cnbc.com
Jefferies reiterates its buy rating for PayPal shares, predicting it will grow faster than the e-commerce industry. The firm's analyst cites the company's large active user base of 244 million and strong payment volume growth rates. cnbc.com