Square Beats but Guides Lower
Square (SQ) reported Quarter December 2019 earnings of $0.25 per share on revenue of $1.3 billion. The consensus earnings estimate was $0.20 per share on revenue of $1.2 billion. The Earnings Whisper number was $0.24 per share. Revenue grew 40.8% on a year-over-year basis.
The company said in its shareholders letter said it expects first quarter non-GAAP earnings of $0.16 to $0.18 per share and 2020 earnings of $0.90 to $0.94 per share. The current consensus estimate is earnings of $0.16 per share for the quarter ending March 31, 2020 and $0.95 per share for the year ending December 31, 2020.
Square Announces Fourth Quarter and Full Year 2019 Results
SAN FRANCISCO--(BUSINESS WIRE)--Square, Inc. (NYSE: SQ) has posted its financial results for the fourth quarter and full year of 2019 on the Financial Information section of its Investor Relations website at square.com/investors.
Square will host a conference call and earnings webcast at 2:00 p.m. Pacific time/5:00 p.m. Eastern time today to discuss these financial results. The domestic dial-in for the call is (877) 683-2081. The Conference ID is 6366068. To listen to a live audio webcast, please visit Square’s Investor Relations website at square.com/investors. A replay will be available on the same website following the call.
About Square, Inc.
Square, Inc. (NYSE: SQ) revolutionized payments in 2009 with Square Reader, making it possible for anyone to accept card payments using a smartphone or tablet. Today, we build tools to empower businesses and individuals to participate in the economy. Sellers use Square to reach buyers online and in-person, manage their business, and access financing. And individuals use Cash App to spend, send, store, and invest money. Square has offices in the United States, Canada, Japan, Australia, Ireland, and the UK.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200226005111/en/
Investor Relations Contact:
Source: Square, Inc.