PayPal (PYPL) reported Q2 FY 2020 earnings of $1.07 per share (versus $0.86 per share in Q2 FY 2019), beating analysts’ consensus estimate of $0.88 per share.

The company’s quarterly revenues amounted to $5.260 bln (+22.0% y/y), beating analysts’ consensus estimate of $4.994 bln.

The company issued upside guidance for Q3 FY 2020, projecting revenues growth of ~23% (25% on FX neutral basis), equating to revenue of approximately $5.385 bln versus analysts’ consensus estimate of $5.06 bln.

For FY 2020, it guided EPS growth of ~25%, equating to $3.88 versus analysts’ consensus estimate of $3.39 and revenues growth of ~17% (~19% on FX neutral basis), equating to revenue of approximately $20.79 bln versus analysts’ consensus estimate of $20.37 bln.

PYPL rose to $189.90 (+2.87%) in pre-market trading.