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Stock impact report

Economic Outlook: Square earnings: Amid CFO’s exit, confidence boost is needed [MarketWatch]

Block, Inc. Class A, (SQ) 
Last block, inc. class a, earnings: 2/26 04:05 pm Check Earnings Report
US:NYSE Investor Relations: squareup.com/about/investors
Company Research Source: MarketWatch
Square earnings: Amid CFO’s exit, confidence boost is needed Square Inc. remains one of tech’s highest fliers this year, but shares have taken a beating recently amid economic concerns and the impending departure of the company’s very visible chief financial officer. That puts even more pressure on the company’s third-quarter earnings report, which is expected Wednesday after the market closes. Square SQ, +3.07% shares are off 22% from their late September closing high and investors will be looking for reassurance about the resilience of the company’s lending business and about the transition that will take place once CFO Sarah Friar steps down from her post at the end of the year. . Investors worried about a potential economic slowdown have fretted about Square, since small businesses — the core of Square’s customer base — are considered especially vulnerable in a downturn. In addition to processing payments for small enterprises, Square also lends to them, exposing the company to Show less Read more
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