PayPal beat on the top and bottom line. The company posted profit of $1.07 a share on $5.46 billion in revenue. That topped expectations for 94 cents and $5.42 billion. Still, shares fell as Morgan Stanley had earlier warned that the stock faces volatility as there's a high bar set for the third quarter and beyond. Mondelez said organic sales grew 4.4%, beating estimates. Estee Lauder's adjusted EPS and net sales beat. The company boosted its dividend by 10%. Clorox's full-year earnings forecast topped consensus.