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

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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.

 

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