Square Reports Q1 Earnings Miss

Square SQ shares are trading lower on Wednesday, after the company reported worse-than-expected first-quarter EPS results.

The company reported a first-quarter adjusted EPS loss of 2 cents, which missed the analyst consensus estimate of 13 cents per share. Square reported first-quarter sales at $1.38 billion.

Square shares were trading down 5.5% at $64.29 in Wednesday’s after-hours session. The stock has a 52-week high of $87.25 and a 52-week low of $32.33.

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