Square Announces Second Quarter 2019 Results.
In the Second Quarter of 2019
Revenue: Qtrly Adjusted Revenue Grew 46% Year Over Year to $563 Million vs estimates of $557.1 Million.
EPS: Qtrly Adjusted Net Income per Share Was $0.21 vs estimates of $0.17
Company Processed $26.8 Billion in Gpv, Up 25% Year Over Year.
Transaction-based Revenue Was $776 Million in the Second Quarter, Up 24% Year Over Year.
Square said Q4 gross payment volume from merchant customers rose 25% to $28.6 billion, topping estimates of $24.2% GPV growth
Guidance for Q3
Adjusted Revenue: $590 Million to $600 Million versus estimates of $599 Million.
Adjusted EPS: $0.18 to $0.20 versus estimates of $0.22
For fiscal 2020, Square said it expects revenue in a range of $5.9 billion to $5.96 billion with adjusted EBITDA in a range of $500 million to $520 million. Analysts had estimated revenue of $5.61 billion with adjusted EBITDA of $539.4 million.
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