Guidance Will Be the Focus When Square Reports Earnings on Thursday
After a precipitous decline near the end of 2018, Square (NYSE: SQ) stock has come roaring back, gaining 58% since its late December lows. Several factors have contributed to the merchant services aggregator and mobile payment company's rise, including its better-than-expected performance in the first quarter. Its rise has been anything but steady, however: The stock declined 17% in May following Square's most recent earnings report, with soft guidance taking the rap for the falling stock price.
Square is scheduled to share the results of its second quarter after the market close on Thursday. Let's recap the company's Q1 figures and its forecast, to see if they offer any insight into what investors can expect when Square reports earnings.
Image source: Square.
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