November 1, 2016Blog Posts

Square Celebrates Full Year On The Public Market With Earnings Beat

Forbes:

Payments and financial services company Square reported third quarter earnings on Tuesday that exceeded analysts’ expectations and sent shares up more than 3% to $11.43 per share in after-hours trading as of 1:52 p.m. in New York. For the three months ending on Sept. 30, Square recorded a loss of $32 million, or 9 cents per share, compared to a loss of nearly $54 million, or 35 cents a share in the same period last year. A group of 15 analysts polled by Yahoo expected an average loss of 11 cents a share for the third quarter of 2016.

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