November 1, 2016Blog Posts

Square Celebrates Full Year On The Public Market With Earnings Beat


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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