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

pulse

November 7, 2018 10:02 PM

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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