Square, Inc. Management Talks Growth Catalysts and Banking Aspirations

Square, Inc. Management Talks Growth Catalysts and Banking Aspirations

Payment company Square (NYSE: SQ) impressed investors last week when it reported accelerating revenue growth and top- and bottom-line figures that exceeded analysts' consensus estimates. The company's 45% year-over-year rise in third-quarter adjusted revenue and its sharp increase in adjusted EPS shouldn't be overlooked.

But there's more to the quarter than the financial figures featured in the company's quarterly earnings release. Square's earnings call gave investors a closer look at the financial-technology company's business. Two topics that stood out were the key drivers behind management's aggressive revenue guidance and commentary about Square's recent application to form a bank.

Square Register. Image source: Square.

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Source: Fool.com