Square (SQ) reported a 1st Quarter March 2020 loss of $0.02 per share on revenue of $1.4 billion. The consensus earnings estimate was $0.13 per share on revenue of $1.3 billion. The Earnings Whisper number was $0.10 per share. Revenue grew 44.0% on a year-over-year basis.
Square Announces First Quarter 2020 Results
SAN FRANCISCO--(BUSINESS WIRE)--Square, Inc. (NYSE: SQ) has posted its financial results for the first quarter of 2020 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 4352708. 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.
Square also announced that on May 1, 2020 it entered into a new $500 million revolving credit facility, replacing the prior $375 million facility. More information is available in Square’s form 8-K filing at square.com/investors.
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.
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Source: Square, Inc.