Square (SQ) Tops Q2 EPS by 12c, Sales Beat
Square (NYSE: SQ) reported Q2 EPS of $0.07, $0.12 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $552 million versus the consensus estimate of $536.27 million.
- We continue to deliver top-line growth and margin expansion, which reflect our continued ability to attract larger sellers and increase product usage.
- We grew Square Capital loan volume 68% year over year and further diversified our investor base.
- Square Cash Card provides more ways for people to spend, and adoption is growing fast: In just the first month, we shipped as many units as we did in the first eight months of the original Square Reader.
- With 90 million customer profiles, our customer-centric Point of Sale enables powerful CRM tools for our sellers.
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