PayPal ($PYPL) reported stronger-than-expected Q2 results, with EPS of $1.38 (vs. $1.28 est.), revenue of $8.68 billion (vs. $8.47 billion est.), and payment volume of $486.5 billion (vs. $468.5 billion est.). The company raised its full-year adjusted EPS outlook to approximately $5.38 (vs. $5.31 est.) and announced a $0.14 per share dividend, $6 billion in planned share buybacks for the fiscal year, and at least $1.5 billion in cost savings over the next 2-3 years. However, Q3 adjusted EPS is expected to see a low-single-digit decline.