Square Reports Mixed Q4 Results, Reveals a Further Push Into Bitcoin
Square (NYSE: SQ) reported fourth-quarter revenue that soared 141% year over year to $3.16 billion, along with adjusted earnings per share (EPS) of $0.32. The results were mixed, as analysts' consensus estimates called for revenue of $3.22 billion and EPS of $0.24. Gross payment volume (GPV) rose 92% year over year to $32 million.
The top-line results were skewed by the company's ongoing foray into Bitcoin (CRYPTO: BTC). Excluding revenue related to its cryptocurrency transactions, revenue grew to a more modest $1.4 billion, up 23%.
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Source Fool.com
