REFILE-Square Inc posts smaller loss as transaction volumes grow [Reuters (UK)]
Block, Inc. Class A, (SQ)
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Source: Reuters
Square Inc posts smaller loss as transaction volumes grow | Reuters Reuters Staff 1 Min Read (Reuters) - Mobile payments company Square Inc ( SQ.N ) posted a smaller third-quarter loss on Wednesday, as larger merchants increasingly used its technology to process transactions. That San Francisco-based company’s loss narrowed to $16.1 million, or 4 cents per share, from $32.3 million, or 9 cents per share, a year earlier. Square, co-founded and led by Twitter Inc ( TWTR.N ) Chief Executive Jack Dorsey, said net revenue rose 33.3 percent to $585.2 million in the three months ended Sept. 30. ( squ.re/2AlRpyb ) Reporting by Nikhil Subba in Bengaluru; Editing by Savio D'Souza All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2017 Reuters. All Rights Reserved.
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