PayPal stock falls after lowered revenue outlook trumps earnings beat

www.marketwatch.com/story/paypal-stock-falls-after-lowered-revenue-outlook-trumps-earnings-beat-2019-07-24

www.cnbc.com/2019/07/24/paypal-q2-earnings.html

For the second quarter, posted net income of $823 million, or 69 cents a share, up from $526 million, or 44 cents a share, a year earlier

PayPal’s revenue came in at $4.31 billion vs. the expected $4.33 billion

I think the most important comment from the call was “Schulman said that PayPal was in the “final stages” of its commercial agreement with MercadoLibre that will create interoperability between the two companies’ networks of buyers and merchants.”

Mercadolibre offers a great opportunity for PayPal in my opinion. Down roughly 4% as of posting and I think I’ll be adding to my position.

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