Square Inc SQ reported third-quarter earnings after Wednesday's closing bell.
The company reported adjusted earnings of 25 cents per share, beating estimates by 5 cents. Sales came in at $1.266 billion, which is a 43.51% increase over sales of $882.108 million the same period last year.
The company sees total fourth-quarter sales $1.16 billion to $1.18 billion, and adjusted sales of $585 million to $595 million versus a $621 million estimate.
Highlights
- Total net revenue grew 44% year-over-year
- Gross payment volume grew 25% year-over-year
- Gross profit grew 42% year-over-year
- Adjusted EBITDA of $131 million
Square's stock closed at $61.34 per share.
Photo credit: Mybloodtypeiscoffee (Own work), via Wikimedia Commons
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.