Square Inc - Ordinary Shares - Class A

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$SQ Square Earnings News - Revenue and Adj EPS Beat; Guidance falls short on Quarter; Beats on Year

Date Published:
Author: CMLviz News

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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