SQ
$81.12
Square
($1.05)
(1.28%)
Earnings Details
1st Quarter March 2019
Wednesday, May 1, 2019 4:05:00 PM
Tweet Share Watch
Summary

Square Beats

Square (SQ) reported 1st Quarter March 2019 earnings of $0.12 per share on revenue of $959.4 million. The consensus earnings estimate was $0.08 per share on revenue of $937.6 million. The Earnings Whisper number was $0.10 per share. Revenue grew 43.5% on a year-over-year basis.

The company said in its shareholders letter it expects second quarter non-GAAP earnings of $0.14 to $0.16 per share on revenue of $545.0 million to $555.0 million. The current consensus earnings estimate is $0.19 per share on revenue of $555.5 million for the quarter ending June 30, 2019. The company also said it continues to expect 2019 earnings of $0.74 to $0.78 per share but now sees revenue of $2.25 billion to $2.28 billion. The company's previous guidance was revenue of $2.22 billion to $2.25 billion and the current consensus earnings estimate is $0.74 per share on revenue of $2.26 billion for the year ending December 31, 2019.

Results
Reported Earnings
$0.12
Earnings Whisper
$0.10
Consensus Estimate
$0.08
Reported Revenue
$959.4 Mil
Revenue Estimate
$937.6 Mil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Square Announces First Quarter 2019 Results

SAN FRANCISCO--(BUSINESS WIRE)-- Square, Inc. (NYSE: SQ) has posted its financial results for the first quarter 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 7241398. 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 a tablet computer. Today, Square provides tools that empower businesses and individuals to participate in the economy. This cohesive ecosystem of managed payments, hardware, point-of-sale software, and other business services helps sellers manage inventory, locations, and employees; access financing; engage buyers; and grow sales. With Weebly, sellers can build a website or online store; with Caviar, restaurants can easily offer diners delivery, pickup, and group ordering; and with Cash App, individuals can send, spend, and store money. Square is headquartered in San Francisco, with offices in the United States, Canada, Japan, Australia, Ireland, and the UK.

Media Contact:
press@squareup.com

Investor Relations Contact:
ir@squareup.com

Source: Square, Inc.