Why Square Stock Fell Sharply Friday
Shares of digital payment and point-of-sale solutions company Square (NYSE: SQ) took a hit on Friday, falling as much as 17.2%. As of 11:50 a.m. EDT, the stock was down about 15%.
The stock's pullback follows Square's second-quarter earnings release. Though its adjusted top- and bottom-line figures came in ahead of estimates for the quarter, management's third-quarter forecasts for the two metrics were below what analysts were expecting.
Image source: Square.
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