Square Stock Up 8% On Earnings Beat, Revenue Misses Estimates
Square, Inc. SQ just released its fourth quarter 2016 financial results, posting a loss of $0.04 per share and revenues of $452 million. Currently, Square is a Zacks Rank #3 (HOLD) and is up 8.64% to $16.34 per share in after-hours trading on Wednesday.
Beat earnings estimates. The company posted a loss of $0.04 per share, topping the Zacks Consensus Estimate of a loss of $0.09 per share.
Missed revenue estimates. The company saw revenue figures of $452 million, missing our consensus estimate of $453 million.
The San Francisco-based technology company reported a loss of $15.2 million in its fourth quarter. Fourth quarter Gross Payment Volume was $13.7 billion, up 34% year-over-year.
For the full year 2016, Square posted revenue of $1.71 billion, which is up 35% compared to the full year 2015.
Twitter Inc. (TWTR) CEO Jack Dorsey’s electronic-payments company expects revenue in the range of $440 million to $452 million for the first quarter 2017.
Here’s a graph that looks at Square’s Price, Consensus and EPS Surprise.
Square, Inc. Price, Consensus and EPS Surprise
Square, Inc. Price, Consensus and EPS Surprise | Square, Inc. Quote
Square, Inc. offers financial services and marketing services. The Company provides payments and point-of-sale which include hardware and software to accept payments, streamline operations and analyze business information. Its payments and POS services include In-Person Payments, Online Payments, Square Cash, Square Register, Square Analytics, Square Appointments and Square App Marketplace. The Company's financial services include Square Capital and Square Payroll. Square, Inc. is headquartered in San Francisco, California.
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Square, Inc. (SQ): Free Stock Analysis Report
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