Square (SQ) reported 1st Quarter March 2018 earnings of $0.06 per share on revenue of $668.6 million. The consensus earnings estimate was $0.06 per share on revenue of $623.8 million. The Earnings Whisper number was $0.07 per share. Revenue grew 44.9% on a year-over-year basis.
The company said in its shareholders letter it expects second quarter non-GAAP earnings of $0.09 to $0.11 per share on revenue of $740.0 million to $760.0 million. The current consensus earnings estimate is $0.12 per share on revenue of $725.7 million for the quarter ending June 30, 2018. The company said it expects 2018 earnings of $0.44 to $0.48 per share on revenue of $3.00 billion to $3.06 billion. The company's previous guidance was earnings of $0.43 to $0.47 per share on revenue of $2.82 billion to $2.88 billion and the current consensus earnings estimate is $0.45 per share on revenue of $2.89 billion for the year ending December 31, 2018.
Square Announces First Quarter 2018 Results
SAN FRANCISCO--(BUSINESS WIRE)-- Square, Inc. (NYSE: SQ) has posted its financial results for the first 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 9398412. 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 customers; and grow sales. The Cash App is an easy way for businesses and individuals to send and receive money, and Caviar is a food-ordering service for popular restaurants. Square was founded in 2009 and 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.