3 Things Square Management Wants You to Know
Despite beating top- and bottom-line analyst estimates, the Street was disappointed in Square's (NYSE: SQ) second-quarter update. This is because the digital payments and point-of-sale solutions company's third-quarter forecasts for revenue and adjusted earnings per share were below what analysts were looking for. The stock slipped 14% on Friday as investors digested the news.
Of course, there's more to the quarter than these metrics. This is why it's beneficial for investors to tune into the company's earnings call, where management expands on some of the key trends at the company.
Here are some key takeaways from Square's second-quarter earnings call, including insight into Cash App's momentum, how sellers are self-serving onto Square's platform, and the impressive return on investment the company is getting on its sales and marketing.
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