Square Announces Third Quarter 2016 Results
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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
Square (SQ) Tops Q3 EPS by 2c
November 1, 2016 4:02 PM EDTSquare (NYSE: SQ) reported Q3 EPS of ($0.09), $0.02 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $439 million versus the consensus estimate of $430.09 million.
Gross Payment Volume (GPV) for the third quarter was $13.2 billion, up 39% year over year. Total net... More
