WEBVTT

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<v Speaker 1>Taypal stock today is trading around sixty seven United States

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<v Speaker 1>dollars and seventy five cents, noticeably below its late July

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<v Speaker 1>peak near seventy eight United States dollars and well under

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<v Speaker 1>its January high of nearly ninety United States dollars. The

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<v Speaker 1>current trading volume is trending higher than the average, with

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<v Speaker 1>over sixteen million shares traded recently, compared to an average

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<v Speaker 1>daily volume of a little over ten million, reflecting heightened

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<v Speaker 1>market activity following its earnings release. PayPal's second quarter results,

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<v Speaker 1>reported at the end of last month showed sales of

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<v Speaker 1>approximately eight point three billion United States dollars and met

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<v Speaker 1>income of about one point three billion United States dollars. Impressively,

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<v Speaker 1>earnings per share came in at one dollar and forty cents,

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<v Speaker 1>beating analyst expectations by about eight percent and improving over

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<v Speaker 1>last year's results. Despite this positive earning surprise, PayPal's free

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<v Speaker 1>cash flow in the second quarter fell by over forty

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<v Speaker 1>percent to about six hundred fifty million United States dollars.

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<v Speaker 1>Management attributed this decrease to temporary working capital effects and

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<v Speaker 1>reaffirmed full year free cash flow guidance in the range

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<v Speaker 1>of six to seven billion United States dollars, indicating confidence

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<v Speaker 1>about cast generation normalizing later this year. Analyst's sentiment remains

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<v Speaker 1>optimistic overall, with most experts maintaining a by rating and

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<v Speaker 1>a consensus twelve month price target near eighty three United

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<v Speaker 1>States dollars, which would represent an increase of about twenty

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<v Speaker 1>three percent from current levels. There have also been modest

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<v Speaker 1>upward revisions and earnings forecasts for both this year and next,

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<v Speaker 1>suggesting growing confidence in PayPal's earnings outlook, even as the

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<v Speaker 1>company faces stiff competition and digital payments. In recent company

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<v Speaker 1>specific news, PayPal has moved ahead with innovation by enabling

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<v Speaker 1>United States merchants to accept over one hundred cryptocurrencies, a

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<v Speaker 1>move that may help expand its relevance as payment methods

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<v Speaker 1>continue to diversify. However, the financial community remains watchful about

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<v Speaker 1>PayPal's ability to restore higher free cash flow growth and

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<v Speaker 1>sustain earning's momentum after a year of margin pressures. While

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<v Speaker 1>the stock has fallen recently after earnings, the combination of

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<v Speaker 1>strong brand, renewed innovation, and an attractive valuation continues to

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<v Speaker 1>attract attention from long term investors looking for opportunity in

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<v Speaker 1>the beaten down payment sector,