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.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180801005175/en/
Investor Relations Contact:
Source: Square, Inc.