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PayPal expecting Q3 pretax loss of $228M on strategic investments

PayPal Holdings Inc. expects to report a pretax loss of $228 million, or $177 million on an after-tax basis, on its strategic investments in the quarter ended Sept. 30.

The company estimates the associated negative impact on third-quarter EPS to be 15 cents. As disclosed in July, PayPal's full-year and third-quarter non-GAAP EPS guidance included an estimated benefit of about 3 cents in the third quarter from unrealized gains relating to its strategic investment portfolio.