Square (SQ) Stock Falls 5% Despite Surges in Gross Profits
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November 5, 2021 7:27 AM EDT
Needham & Company analyst Mayank Tandon lowered the price target on Square (NYSE: SQ) to $315.00 (from $350.00) while maintaining a Buy rating.
The analyst commented, "SQ reported mixed 3Q results, beating expectations on revenue from the seller ecosystem but coming in a bit... More
November 4, 2021 4:42 PM EDT
(Reuters) - Square Inc reported a nearly 60% rise in third-quarter gross profit on Thursday, fueled by a jump in bitcoin transactions on its peer-to-peer payment service Cash App.
The payments firm, which is acquiring buy now, pay later pioneer Afterpay Ltd for $29 billion, posted gross profit of $1.13... More
November 4, 2021 4:11 PM EDT
Square (NYSE: SQ) reported Q3 EPS of $0.37, $0.01 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $3.84 billion versus the consensus estimate of $4.6 billion.
We wanted to provide an update on the trends in our business during the month of...
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