PayPal Reports Strong First-Quarter Earnings. CEO Says the Turnaround Is Working.
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PayPal Holdings is striving to improve its profitability and break out from being a traditional payment-processing company. Net revenue grew 1% to $7.8 billion, or 2% adjusted for currency impacts, in line with the FactSet consensus estimate. Transaction margin dollars, a key performance metric, increased 7% year over year to $3.7 billion.
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