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Square reports 4Q loss

SAN FRANCISCO (AP) _ Square Inc. (SQ) on Wednesday reported a loss of $15.2 million in its fourth quarter.

The San Francisco-based company said it had a loss of 4 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The mobile payments services provider posted revenue of $451.9 million in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $453 million.

For the year, the company reported that its loss narrowed to $171.6 million, or 50 cents per share. Revenue was reported as $1.71 billion.

For the current quarter ending in April, Square said it expects revenue in the range of $440 million to $452 million.

The company expects full-year earnings in the range of 15 cents to 19 cents per share, with revenue ranging from $2.09 billion to $2.15 billion.

Square shares have risen 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.05, a climb of 45 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SQ at https://www.zacks.com/ap/SQ


Keywords: Square, Earnings Report