PayPal stock sinks 8% as company reports slow growth in key margin figure
PayPal reported better-than-expected results for the second quarter but saw slowing growth in transaction margin dollars, a key measure of profitability. The stock slipped more than 8% following the report. Here's how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.40 adjusted vs. $1.30 expected $1.40 adjusted vs. $1.30 expected Revenue: $8.29 billion vs. $8.08 billion expected Sales increased 5% from $7.89 billion a year ear