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March 9, 2016Blog Posts

Square beats its fourth-quarter revenue expectations

TechCrunch

Square, which has been on a bit of a run lately, posted a quarter where it beat revenue estimates and saw its shares pop slightly after it reported its fourth-quarter earnings. This was Square’s first time reporting quarterly earnings as a public company, and it looks like the result weren’t that bad aside from a miss on earnings expectations. Square reported an adjusted loss of 20 cents per share on revenue of $374 million. Analysts were targeting a loss of 13 cents per share on revenue of $343 million. The company reported $299 million in transaction revenue in the fourth quarter of 2015, up 47% year-over-year..

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