Squareʻs Stock Surges After Huge Revenue Gain in Q2
Square's (NYSE: SQ) stock price soared on Wednesday, following a strong second-quarter earnings report that saw revenue jump 64% to 1.9 billion.
The mobile payments company was up nearly 10% in early trading Wednesday for a whopping 140% gain since the beginning of the year.
Gross profit was up 28% year over year to $597 million. Square's Cash App was the major cash cow, as it generated revenue of $1.2 billion and gross profit of $281 million, up 361% and 167% from the second quarter of 2019, respectively.
Source Fool.com
