4 Major Takeaways From Square's Second Quarter
The day after Square (NYSE: SQ) reported its second-quarter earnings, the company's shares fell 15%. The brunt of the blame seemed to fall on the company's guidance, which reiterated its full-year revenue numbers but projected higher-than-expected losses on the bottom line. After the drop, the stock price was more than 30% off its 52-week highs. Now it's time for investors to determine if this represents a buying opportunity or sign of more problems to come.
Let's take a closer look at four major takeaways -- three good, one worrisome -- from the company's quarter to see if we can arrive at a satisfactory answer to that question.
In Q2, Square sold Caviar to the food delivery company DoorDash for $410 million. Image source: Square Inc.
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