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Tag: square

Stocks making the biggest moves after hours: L Brands, Square, HP and more

Stocks making the biggest moves after hours: L Brands, Square, HP and more

Finance
Check out the companies making headlines after the bell: L Brands shares fell more than 8 percent in extended trading after posting mixed fourth-quarter earnings and weak full-year guidance. The retail company posted $ 4.85 billion in revenue, compared to the $ 4.88 billion forecast by analysts. Earnings per share were $ 2.14, beating Wall Street's expectation of $ 2.07. L Brands sees 2019 earnings per share between $ 2.20 and $ 2.60, while analysts forecast earnings of $ 2.71. Shares of Square fell more than 6 percent in extending trading Wednesday based on weak first-quarter guidance despite the company's better-than-expected fourth-quarter e...
Square loses head of payments to Visa

Square loses head of payments to Visa

Finance
Mary Kay Bowman, head of payments at Square is going to Visa to be new head of seller solutions, reporting to Chief Product Officer Jack Forestell. Visa announced the hire in a blog post Friday. Square's shares went slightly negative, about 1 percent, after the announcement. Bowman's departure from Square comes just months after CEO Jack Dorsey lost key deputy and CFO Sarah Friar, regarded by Wall Street as a "rockstar CFO." Bowman was a big hire for Square in 2015. She came from Amazon, wher...
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...
Driver plows through Chinese square, at least 9 killed

Driver plows through Chinese square, at least 9 killed

World
Sept. 12 (UPI) -- A man drove his car through a busy public square in China's Hunan province on Wednesday, killing at least nine people and injuring dozens more. As many as 43 people were injured when a red SUV suddenly plowed through crowds of people in Binjiang square in the city of Hengyang at 7:40 p.m. local time, The South China Morning Post reported. A 54-year-old male suspect was arrested at the scene and police are investigating the incident. Police said the suspect, Yang Zanyun, had a criminal record and served time in prison for arson and drugs related offenses, the BBC reported. A local government statement declared the incident a "deliberate, malicious case of driving with intent to injure," although it wasn't immediately clear if it was terror-releated. Let's block a...
Raptors, Pistons square off looking to snap skids

Raptors, Pistons square off looking to snap skids

Sports
The Toronto Raptors and the Detroit Pistons have each lost two games in a row and have dropped three of their past four. That is about as far as the similarities go between the teams, who play Wednesday night at the Air Canada Centre in the first of four meetings this season. The Raptors (29-13) have yet to lose three games in a row this season and have dropped two in a row four times. They are 15-3 at home. The Pistons (22-20) have lost as many as seven in a row this season and have dropped six of their past nine. They are 9-14 on the road. The Raptors have fallen behind early in their two most recent losses. They trailed the Golden State Warriors by 27 points before losing 127-125 at the ACC on Saturday and were down by 21 points to the 76ers in a 117-111 loss at Philadelphia on Monday a...