SQ
$86.51
Square
$1.71
2.02%
Earnings Details
2nd Quarter June 2018
Wednesday, August 1, 2018 4:05:00 PM
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Summary

Square Beats

Square (SQ) reported 2nd Quarter June 2018 earnings of $0.16 per share on revenue of $814.9 million. The consensus earnings estimate was $0.12 per share on revenue of $759.8 million. The Earnings Whisper number was $0.13 per share. Revenue grew 47.8% on a year-over-year basis.

The company said in its shareholders letter it expects third quarter non-GAAP earnings of $0.08 to $0.10 per share on revenue of $840.0 million to $860.0 million. The current consensus earnings estimate is $0.13 per share on revenue of $778.8 million for the quarter ending September 30, 2018. The company also said it continues to expect 2018 earnings of $0.42 to $0.46 per share but now expects revenue of $3.19 billion to $3.22 billion. The company's previous guidance was revenue of $3.03 billion to $3.09 billion and the current consensus earnings estimate is $0.46 per share on revenue of $3.03 billion for the year ending December 31, 2018.

Results
Reported Earnings
$0.16
Earnings Whisper
$0.13
Consensus Estimate
$0.12
Reported Revenue
$814.9 Mil
Revenue Estimate
$759.8 Mil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Square Announces Second Quarter 2018 Results

SAN FRANCISCO--(BUSINESS WIRE)-- Square, Inc. (NYSE: SQ) has posted its financial results for the second quarter of 2018 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 (866) 393-4306. The Conference ID is 1499390. 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) creates tools that help sellers start, run, and grow their businesses. Square enables sellers to accept card payments and also provides reporting and analytics, next-day settlement, and chargeback protection. Square’s point-of-sale software and other business services help sellers manage inventory, locations, and employees; access financing; engage buyers; build a website or online store; and grow sales. The Cash App is an easy way to send, spend, and receive money, and Caviar is a food-ordering platform. Square was founded in 2009 and is headquartered in San Francisco, with offices in the United States, Canada, Japan, Australia, Ireland, and the UK.

Square, Inc.
Media Contact:
press@squareup.com
or
Investor Relations Contact:
ir@squareup.com

Source: Square, Inc.