Earnings Results: Square stock falls after outlook, volume come up short [MarketWatch]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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Source: MarketWatch
Square stock falls after outlook, volume come up short Shares of Square Inc. were falling in after-hours trading Wednesday after the company beat estimates on its first-quarter financials but missed on payment volume and its second-quarter outlook. The company reported a net loss of $ 38 million, or 9 cents a share, compared with a loss of $24 million, or 6 cents a share, a year earlier. Adjusted earnings per share rose to 11 cents from 6 cents a year ago and came in ahead of the FactSet consensus of 8 cents. Adjusted revenue climbed to $489 million from $307 million in the prior March quarter, whereas analysts had been modeling $480 million. The stock SQ, +1.10% was down 5.8% in after-hours trading. Gross payment volume grew to $22.6 billion, up from $17.8 billion a year ago. Analysts surveyed by FactSet projected $22.8 billion in GPV. The company said that 51% of volume came from larger sellers, or those doing more than $125,000 in annual GPV. For the second quarter, Square expec
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SQ
Earnings
- 2/22/24 - Beat
SQ
Sec Filings
- 4/15/24 - Form 8-K
- 4/4/24 - Form 4
- 4/4/24 - Form 4
- SQ's page on the SEC website