PayPal shares rose more than 4% after the company reaffirmed its turnaround strategy while leaving open the possibility of future deals.

CEO Enrique Lores said the company remains focused on executing its own plan but would consider opportunities that could create greater shareholder value.

The company reported better-than-expected second-quarter earnings, increased payment volume, and raised its full-year outlook.

PayPal has struggled against competitors like Apple, Google, and Stripe, and is working to rebuild its consumer business and expand financial services, Yahoo Finance has reported.

Investors remain divided over the company’s recovery plan, with some supporting potential acquisitions while others worry the turnaround could take too long.