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Andrew Harrer | Bloomberg | Getty Images
Jack Dorsey, co-founder and CEO of Twitter Inc., listens to a Senate Intelligence Committee hearing in Washington, DC, United States on Wednesday, September 5, 2018.
Square posted a fourth-quarter profit higher than analysts' expectations on Wednesday. But the forecast for the first quarter and revenue growth were weaker than expected.
quarter
, the company outperformed analysts' expectations for earnings and earnings, but slightly exceeded expectations. Revenues from subscriptions and services were particularly high, up 155% over the previous year.
The stock rose 40% this year and more than 70% from one year to the next. Square shares rose slightly before the earnings announcement, trading close to $ 78.95.
– Deidre Bosa from CNBC contributed to the story.
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