We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Square Inc. (SQ) Stock Surges 9% on Raised Guidance
Read MoreHide Full Article
Square Inc. (SQ - Free Report) just released its Q2 2016 earnings results, posting revenue of $439 million.
Currently, Square has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 4 key statistics from this just announced report below.
Square:
1. Beat revenue estimates. The company saw revenue figures of $439 million, beating our estimate of $407.5 million.
2. In its shareholder letter, Square stated that “We are pleased with our second quarter results, which highlight strong growth at scale and a significant profitability milestone. Gross Payment Volume (GPV) for the second quarter was $12.5 billion, up 42% year over year.”
3. They continued, stating that “For 2016, our total net revenue is expected to be in the range of $1.63 billion to $1.67 billion. We have not previously guided to this GAAP measure. Total net revenue growth will be impacted by the continued decline in Starbucks transaction revenue as it transitions to a new payments processor.”
4. SQ was up $0.94, or 9%, to $11.38. as of 4:48 p.m. EDT in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Square Inc.’s latest earnings performance:
Square, Inc. offers financial services and marketing services. The Company provides payments and point-of-sale which include hardware and software to accept payments, streamline operations and analyze business information.
Check back later for our full analysis on Square Inc.’s latest quarterly earnings report!
If you want information on how to trade during earnings season, check out the Zacks Market Edge Podcast below.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Square Inc. (SQ) Stock Surges 9% on Raised Guidance
Square Inc. (SQ - Free Report) just released its Q2 2016 earnings results, posting revenue of $439 million.
Currently, Square has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 4 key statistics from this just announced report below.
Square:
1. Beat revenue estimates. The company saw revenue figures of $439 million, beating our estimate of $407.5 million.
2. In its shareholder letter, Square stated that “We are pleased with our second quarter results, which highlight strong growth at scale and a significant profitability milestone. Gross Payment Volume (GPV) for the second quarter was $12.5 billion, up 42% year over year.”
3. They continued, stating that “For 2016, our total net revenue is expected to be in the range of $1.63 billion to $1.67 billion. We have not previously guided to this GAAP measure. Total net revenue growth will be impacted by the continued decline in Starbucks transaction revenue as it transitions to a new payments processor.”
4. SQ was up $0.94, or 9%, to $11.38. as of 4:48 p.m. EDT in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Square Inc.’s latest earnings performance:
SQUARE INC Price and EPS Surprise
SQUARE INC Price and EPS Surprise | SQUARE INC Quote
Square, Inc. offers financial services and marketing services. The Company provides payments and point-of-sale which include hardware and software to accept payments, streamline operations and analyze business information.
Check back later for our full analysis on Square Inc.’s latest quarterly earnings report!
If you want information on how to trade during earnings season, check out the Zacks Market Edge Podcast below.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>