Earnings Results: Square stock slips after results beat but earnings outlook falls 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 slips after results beat but earnings outlook falls short Square Inc. reported better-than-expected financial results Wednesday, but shares were nearly flat in after-hours trading after the company’s third-quarter earnings forecast missed expectations. The company reported adjusted second-quarter earnings of 13 cents a share on revenue of $815 million. Analysts were expecting 11 cents in EPS and revenue of $774.6 million. On an adjusted basis, net of transaction and bitcoin costs, the company posted revenue of $385 million. The company processed $21.4 billion in gross volume during the second quarter. Shares were volatile after the results came out. They’re now down 2.3% in premarket trading. The portion of volume that came from larger sellers accelerated from the first quarter. Square SQ, +3.42% said volume from larger sellers, which it defines as those doing more than $125,000 in annual gross payment volume, accounted for 50% of overall volume in the second quarter.
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- Block, Inc. (NYSE: SQ) had its "positive" rating re-affirmed by analysts at Susquehanna. They now have a $100.00 price target on the stock.MarketBeat
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