Square (SQ) Tops Q2 EPS by 12c, Sales Beat

Square (NYSE: SQ) reported Q2 EPS of $0.07, $0.12 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $552 million versus the consensus estimate of $536.27 million.

• We continue to deliver top-line growth and margin expansion, which reflect our continued ability to attract larger sellers and increase product usage.
• We grew Square Capital loan volume 68% year over year and further diversified our investor base.
• Square Cash Card provides more ways for people to spend, and adoption is growing fast: In just the first month, we shipped as many units as we did in the first eight months of the original Square Reader.
• With 90 million customer profiles, our customer-centric Point of Sale enables powerful CRM tools for our sellers.

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

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