Square emerges as a coronavirus hedge while other payment stocks get crushed

shares were on pace for the worst week since 2008 after the company issued a warning that the fast-spreading virus could weigh on revenue this year. American Express and Visa have not changed guidance, but were both heading for their worst week in roughly a decade.

PayPal made a similar announcement on Thursday, lowering its outlook for first-quarter revenue growth by one percentage point. While PayPal's business trends "remain strong," international cross-border e-commerce activity "has been negatively impacted by COVID-19," the company said in aMacquarie Capital analyst Dan Dolev said Square is so far, proving immune to coronavirus.

Square operates in the U.K., Canada, Australia and Japan. International revenue grew at 52% year over year fourth quarter. The company said international growth is compounding at roughly twice the average rate.

samverdile ded

What the fuck headline is this lol you guys touted the earnings all morning on air

😆'coronavirus hedge'🤪 ?!? Did someone DRINK their lunch tody?

Merger with Twitter

lol

ReformedBroker sorry buddy i beat you 🙃🙃🙃

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