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.
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.
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Source: Square, Inc.