Square Revises Guidance, Updates on Results
Joining an increasingly long list of companies that have made similar moves in the wake of the SARS-CoV-2 coronavirus, Square (NYSE: SQ) announced that it is shaving its guidance for this quarter and the rest of the year.
Square's new guidance for the first quarter models total revenue of $1.30 billion to $1.34 billion. On the bottom line, the company believes it will book a loss; it did not disclose an exact figure or range, but did say it would be worse than its former guidance.
Image source: Square
Source Fool.com
