Shares of Square rose 3.7% in extended trading on Thursday after the mobile payments company’s 3Q earnings of $0.34 per share increased 36% year-over-year and topped the Street estimate of $0.16. Its revenues of $3.03 billion also crushed the consensus estimate of $2.05 billion and spiked 140% year-over-year, led by strong momentum in Cash App.Square’s (SQ) gross payment volume (GPV) rose 12.4% year-over-year to $31.7 million. The company noted that seller GPV (card payments processed by...

Comment

Become a member to take advantage of more features, like commenting and voting.

Jobs to Watch