Square (SQ) Tops Q2 EPS by 3c, Revs Beat

Square (NYSE: SQ) reported Q2 EPS of ($0.08), $0.03 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $439 million versus the consensus estimate of $406.93 million.

• Gross Payment Volume was $12.5 billion, up 42% year over year.
• Total net revenue was $439 million, up 41% year over year; Adjusted Revenue was $171 million, up 54% year over year
• Net loss was $27 million, an improvement of over $2 million year over year.
• We achieved positive Adjusted EBITDA of $13 million, a margin improvement of 7 points year over year.
• We extended $189 million in Square Capital, up 123% year over year and 23% sequentially

For earnings history and earnings-related data on Square (SQ) click here.

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