News Formal

Square shares tank after payments company lowers guidance for the second quarter

  • 📰 CNBC
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Square shares dropped after the company reported weaker-than-expected gross payments volume and lowered its guidance for the second quarter.

San Francisco-based Square is well-known in the payments sector for its credit card processor, payment hardware and popular peer-to-peer Cash app. It has also moved into small business lending through Square Capital.

The payments processor beat analysts' estimates on earnings and revenue. Here's how the company performed in the first quarter vs. what Wall Street was expecting:Adjusted revenue: $489 million vs. $478 million, forecast by RefinitivGross payments volume came in at $22.6 billion, versus $22.8 billion analysts were expecting.

San Francisco-based Square, run by Twitter CEO Jack Dorsey, is well-known in the payments sector for its credit card processor, payment hardware and popular Cash App. Gross payment volume, or GPV, on the Cash App grew roughly 150 percent year over year. Last quarter, Square's peer-to-peer Cash App reported more than 15 million monthly active customers in December 2018, doubling from a year earlier.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Line in

Not good

The numbers was good

Nobody uses square

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

A Chinese ride-hailing company is so unhappy with its fleet of 278 Tesla cars that it bought billboards in Times Square to demand refundsShenma Zhuanche said it was inspired by the movie 'Three Billboards Outside Ebbing, Missouri' to air its grievances against Elon Musk's car company. Hei abang ashiap I wish Tesla cars were also common here as taxi cabs as Mercedes-Benz are in India. Times have changed a lot. SAI There has to be a balanced outlook. Tesla is revolutionary concept but they still need to catch up with others' in reliability/service/ecosystem. Often cult like followers ignore/suppress these issues and then situations like these happen.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Square's earnings expectations have gotten slashed, but the mobile-payments company still has a high bar to clearSquare is set to report first-quarter earnings after the bell on Wednesday. The mobile payments firm offered disappointing guidance last quarter.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »