Square slides after 4th-quarter earnings guidance whiffs (SQ)

Square reported Q3 results after Wednesday's closing bell that beat on both the top and bottom lines, but its Q4 earnings guidance fell short.

Jack Dorsey Square CEO
  • Shares slid 6% in after-hours trading following the results. They had rallied as much as 7% Wednesday amid broad strength in the wake of the

Square, a mobile-payment provider, reported third-quarter results after Wednesday's closing bell that beat on both the top and bottom lines. But its fourth-quarter earnings guidance fell short, sending shares down 6%.

Here are the key numbers, compared to the Bloomberg consensus:

  • Adjusted earnings per share:
  • Revenue:
  • Q4 earnings guidance:
  • Full-year earnings guidance:

Square's stock jumped as much as 7% before the results, amid broad stock-market strength that came in the wake of the2018 midterm elections

In October, Square fell by as much as 25% in the two days after CFO Sarah Friar unexpectedly announced her departure. Shares have recovered, but were still 17% below their September peak.

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