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.