[ad_1]
Square Inc. (NYSE: SQ), stocks fell after normal trading hours, although sales were weak in the fourth quarter.
The company announced a profit of 14 cents per share, in line with consensus estimates. Sales reached $ 464.25 million, exceeding estimates of $ 10.15 million.
Square has released an adjusted EPS guidance for the first quarter of 6 to 8 cents, below estimates of 11 cents, as well as adjusted first-quarter sales of $ 472 to $ 482 million, compared with an estimate of $ 473.8 million. of dollars.
Quarterly highlights
- Total net income increased by 51% over the previous year
- Adjusted EBITDA up 97% year-over-year
- The Cash application had 15 million customers a month in December
Square lost 5.5% to $ 75 a share after hours. The stock closed up 1.7% to $ 79.32 per share.
Related links:
Cramer explains how the "little guy" takes advantage of Shopify, Square
Cash App wins battle with Venmo, says Nomura
© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
[ad_2]
Source link