Square dumped food-delivery service Caviar earlier this year. Now it's boosted its profit forecast on the heels of strong earnings.

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The company finalized its $410 million Caviar sale on October 31. Square upgraded its guidance both with and without the sale taken into account.

Square stock jumped as much as 2.3% early Thursday after the digital payments company beat Wall Street's estimates for third-quarter earnings and revenue. The company also adjusted its full-year revenue forecast higher, both with and without the impact of the $410 million sale of its Caviar business to DoorDash. Square's Cash app introduced equities trading and partial share ownership in the third quarter.

Square stock jumped as much as 2.3% early Thursday after the digital payments company beat Wall Street's estimates for third-quarter earnings and revenue. The company also adjusted its full-year revenue forecast higher, both with and without the impact of the $410 million sale of its Caviar business to DoorDash. Square's Cash app introduced equities trading and partial share ownership in the third quarter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trader bets Square moves 10% on earningsOppenheimer's Alon Rosin looks to capture profits from Square, which is due to report quarterly earnings Wednesday afternoon. TradingNation mr_jettlife let’s seee
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: Roku, SeaWorld, Boeing, Square, Expedia & moreThese are the stocks posting the largest moves before the bell, including Roku, SeaWorld, Boeing, Square, Expedia and more.
Source: CNBC - 🏆 12. / 72 Read more »

Square profit tops estimates on growth in subscription and services businessPayments processor Square Inc beat analysts' estimates for quarterly profit... Absolutely love square Square
Source: Reuters - 🏆 2. / 97 Read more »

Trader bets Square moves 10% on earningsOppenheimer's Alon Rosin looks to capture profits from Square, which is due to report quarterly earnings Wednesday afternoon. TradingNation mr_jettlife let’s seee
Source: CNBC - 🏆 12. / 72 Read more »

Square profit tops estimates on growth in subscription and services businessPayments processor Square Inc beat analysts' estimates for quarterly profit... Absolutely love square Square
Source: Reuters - 🏆 2. / 97 Read more »