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

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.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom 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 »