Square (SQ) Tops Q3 EPS by 2c
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
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Stifel Reiterates Buy on Square (SQ) Following 3Q and Guidance
November 2, 2016 11:14 AM EDTStifel maintained a Buy rating and $15.00 price target on Square (NYSE: SQ) following the company's 3Q earnings report. Adjusted revenue increased 51% y/y to $178mm, exceeding $174mm estimates and the $171mm high-end of the guided range. Management again raised its 2016 guidance to now reflect 50%... More
Credit Suisse Upgrades Square (SQ) to Outperform; Better Growth, Leverage
November 2, 2016 6:46 AM EDTCredit Suisse upgraded Square (NYSE: SQ) from Neutral to Outperform with a price target of $15.00 (from $12.00) following results.
Analyst Paul Condra commented, "Our Neutral initiation was based on our view that despite solid fundamentals, we werent comfortable with a higher valuation for... More