Square Inc (SQ) Beats Estimates, Whiffs on Forecast

NYSE: SQ | Square, Inc.  News, Ratings, and Charts

SQ – The company expects to beat estimates on revenue, but not on earnings.

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

Square Inc (NYSE:SQ) has delivered Q3 shares and earnings numbers which eclipsed analyst expectations, but investors are frowning at the payment giant’s weak forecast. 

Investor’s Business Daily has the details.

Square (SQ) on Wednesday reported adjusted third-quarter profit and revenue that topped expectations, but its December-quarter earnings outlook fell below estimates. Square stock dropped in after-hours trading.

Square said adjusted earnings were 13 cents a share, up 86% from a year ago, with revenue rising 51% to $882 million, topping estimates. A year earlier, Square earned 7 cents a share on sales of $585 million. Analysts expected Square to report earnings of 11 cents on sales of $861 million for the period ended Sept 30.

Looking ahead, Square expects revenue in a range of $895 million to $905 million and adjusted earnings of 12 cents to 13 cents a share. Analysts were expecting $891 million and 15 cents for the current quarter.

Square Inc shares fell $4.79 (-5.79%) in premarket trading Thursday. Year-to-date, Square, Inc. (SQ - Get Rating) has gained 138.51%, versus a 6.68% rise in the benchmark S&P 500 index during the same period.

Square, Inc. (SQ - Get Rating) currently has a StockNews.com POWR Rating of C (Neutral), and is ranked #23 of 68 stocks in the Financial Services (Enterprise) category.

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

Top Stories on StockNews.com

NYSE: SPY | SPDR S&P 500 News, Ratings, and Charts

Does 1 Equation Hold the Key for Stock Prices?

At first I thought it was outrageous to believe this 1 equation is only that mattered for stock prices. Then I saw it happen plain as day in February 2016. Now I believe it will happen again.
NYSE: SPY | SPDR S&P 500 News, Ratings, and Charts

Trump Delays Chinese Tariffs, is He Just Postponing the Inevitable?

In this featured article, Trump's postponement of Chinese tariffs is examined. Could the President be postponing the inevitable? Continue reading for more details.
: sndl | Sundial Growers Inc. News, Ratings, and Charts

Why are cannabis stock investors focusing on Sundial Growers (SNDL)?

Sundial growers are one of the most recent IPOs within the cannabis sector.
: CGC | Canopy Growth Corporation  News, Ratings, and Charts

Why did Canopy Growth's (CGC) stock plunge 14% today?

Canopy Growth Corp. (CGC) disappointed Wall Street yesterday with an earnings report that showed the worst bottom-line performance in the company’s history.
: TLRY | Tilray, Inc. - Class 2  News, Ratings, and Charts

The Aftermath of Tilray’s Quarterly Earnings Report

Tilray reported earnings on Tuesday after the close and the stock sank in after-hours.

Read More Stories

More Square, Inc. (SQ) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All SQ News
Page generated in 1.2674 seconds.