The stock, seen as an e-commerce investment play, was already up 44% since PayPal last reported results on May 6. The company said it expected the trends to continue and that it now expected earnings per share for the full year to increase about 25% on 22% revenue growth. “We have more confidence in the elevated e-commerce trends we are seeing,” Chief Financial Officer John Rainey told analysts. …read more
Source:: Yahoo Finance
