PayPal Holdings, Inc. (PYPL) stock is trading at an all-time high above $190 in Thursday's pre-market session after the electronic payments company beat second quarter 2020 estimates by healthy margins and raised third quarter and fiscal year guidance. The company posted earnings per share of $1.07, while revenue rose an impressive 22% to $5.26 billion, with positive results underpinned by the accelerated transition from paper to digital payment transactions as a result of the COVID-19 pandemic.
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