Revenue Update on Square Inc(NYSE:SQ)

Square Inc(NYSE:SQ) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $438.53M. Analysts estimated a revenue of $405.71M. Earnings per share were $-0.09. Analysts had estimated an EPS of $-0.11.

In a different note, On Jun 30, 2016, Morgan Stanley said it Maintains its rating on Square Inc. In the research note, the firm Lowers the price-target to $12.00 per share. The shares have been rated ‘Equal-weight’ by the firm. Evercore ISI said it Initiates Coverage on Square Inc, according to a research note issued on Jun 21, 2016. The shares have been rated ‘Hold’ by the firm. Craig-Hallum said it Initiates Coverage on Square Inc, according to a research note issued on Jun 15, 2016. The shares have been rated ‘Hold’ by the firm. Piper Jaffray said it Initiates Coverage on Square Inc, according to a research note issued on May 19, 2016. The shares have been rated ‘Neutral’ by the firm. On May 17, 2016, Compass Point said it Upgrades its rating on Square Inc. The shares have been rated ‘Buy’ by the firm. On May 6, 2016, Wedbush said it Downgrades its rating on Square Inc. The shares have been rated ‘Underperform’ by the firm.

Several Insider Transactions has been reported to the SEC. On Jul 28, 2016, Alyssa Henry (Seller Lead) sold 5,379 shares at $9.77 per share price.Also, On Jul 28, 2016, Francoise Brougher (Business Lead) sold 2,706 shares at $9.77 per share price.On Jul 28, 2016, Sarah Friar (Chief Financial Officer) sold 2,690 shares at $9.77 per share price, according to the Form-4 filing with the securities and exchange commission.

Square Inc. (Square) provides financial services and marketing services. The Company also provides payments and point-of-sale (POS) which include hardware and software to accept payments streamline operations and analyze business information. The Company’s payments and POS services include In-Person Payments Online Payments Square Cash Square Register Square Analytics Square Appointments and Square App Marketplace. The Company’s financial services include Square Capital and Square Payroll. The Company’s marketing services include Square Customer Engagement and Caviar. The Company’s mobile payments and POS services transform the checkout process and advance digital and mobile commerce by untethering sales from long lines and antiquated cash registers. The Company provides sellers a range of options for accepting payments in-person or online. The Company acts as the merchant of record for its sellers.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *