Home / Business / Square's shares fall on a weak Q1 (NYSE: SQ)

Square's shares fall on a weak Q1 (NYSE: SQ)



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

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