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Tag: Earnings

Square earnings beat on top an bottom line, but miss on guidance

Square earnings beat on top an bottom line, but miss on guidance

Finance
Payment company Square reported quarterly earnings and revenue that beat analysts' expectations on Wednesday but came up slightly short on forward guidance. Here's how the company did compared with what Wall Street expected: Earnings: 13 cents per share vs. 11 cents per share, forecast by Refinitiv.Revenue: $ 431 million vs. $ 413.9 million, forecast by Refinitiv. Adjusted revenue grew 68 percent year over year. The company reported its first quarterly profit of $ 20 million, compared to a net loss of $ 16 million in the third quarter of last year. Square's chief financ...