Square reports Q1 sales of $489M, up 59%, but net loss widens to $38M
https://techcrunch.com/2019/05/01/square-reports-q1-sales-of-489m-up-59-but-net-loss-widens-to-38m/
After Square issued weak guidance in Q4, all eyes were on the payments company to see what kind of growth it really had in Q1. Results reported today underscored some of the challenges the company is facing.
Square’s adjusted revenues were $489 million, up 59 percent year-on-year, with adjusted earnings per share of $0.11. Both figures beat analysts’ estimates. The company had been expected to report earnings per share of $0.08 and revenues of $479.63 million, respectively up 33.3 percent and 56.2 percent on a year ago.
Square reports Q1 sales of $489M, up 59%, but net loss widens to $38M
May 1, 2019, 9:19pm UTC
https://techcrunch.com/2019/05/01/square-reports-q1-sales-of-489m-up-59-but-net-loss-widens-to-38m/
> After Square issued weak guidance in Q4, all eyes were on the payments company to see what kind of growth it really had in Q1. Results reported today underscored some of the challenges the company is facing.
> Square’s adjusted revenues were $489 million, up 59 percent year-on-year, with adjusted earnings per share of $0.11. Both figures beat analysts’ estimates. The company had been expected to report earnings per share of $0.08 and revenues of $479.63 million, respectively up 33.3 percent and 56.2 percent on a year ago.