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Is Square Poised to See Revenue Growth?

Is Square Poised to See Revenue Growth?

Mobile payment company Square (SQ) has been reporting strong revenues. In the second quarter of fiscal 2018, net revenues of $814.9 billion grew 47.8% YoY (year-over-year), while adjusted revenues of $385.0 million exceeded Wall Street estimates of $376.6 million. Square posted adjusted earnings of $0.13 per share, beating analysts’ estimates of $0.11 in the quarter.