Square Stock News

Block (SQ) shares are advancing 22% after several analysts reiterate their Buy ratings for the fintech and crypto company after its Q4 earnings easily beat Wall Street…

NEW YORK , Feb. 25, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SQ, CRI, UPST, SE, and SHOP. … Full story available on Benzinga.com

ETSY and SQ stocks rose in pre-market trading following the release of their respective quarterly reports. Meanwhile, earnings news drove losses in shares of ZS and INTU.

Dow Jones futures traded lower Friday, as Russian forces closed in on Kyiv. Etsy and Square were key earnings movers ahead of Friday''s open.

Futures Recover Overnight Losses After Torrid Thursday Rally As Uneasy Calm Returns After yesterday''s furious gamma-squeeze rally, U.S. stock futures were slightly lower on the day, although near the overnight session highs as the ongoing Ukraine conflict and impact of Western sanctions continue to drive risk; sentiment was boosted after the Kremlin said that Ukraine’s neutrality offer is a move “toward positive” and following reports that China''s president Xi held a phone call with Putin who said Russia is willing to conduct high-level negotiations with Ukraine. S&P futures were down 10 points to 0.25% at 7:30am, after paring earlier declines of more than 1%, with Nasdaq futures down -0.15% and Dow futures down 0.4%. Europe''s Stoxx Europe 600 was in the green, and oil was steady after Bloomberg reported that oil importers in China are briefly pausing new seaborne purchases as they assess the potential implications of handling the shipments following the Ukraine invasion. Gold was steady, while Brent crude reached $100 a barrel and Treasuries rose.

SQ earnings call for the period ending December 31, 2021.

Crypto-friendly digital payments tech firm Block, Inc. (formerly known as Square) posted $1.18 billion worth of gross profit in Q4, representing a growth

Shares of Marqeta Inc. were surging 7% in aftermarket trading Thursday after Square-parent Block Inc. shared new metrics on adoption of its Cash Card in conjunction with its earnings report. Card-issuing company Marqeta powers Block''s Cash Card, which enables users of the Cash App mobile wallet to spend their funds. Block shared on its fourth-quarter earnings call that the Cash Card had more than 13 million monthly active users as of December, and spending on the card increased on a year-over-year basis. Block noted that the attach rate for the Cash Card was up to 31% of the monthly-active base, whereas it was 22% two years prior. Overall, Cash App users generated $45 billion in inflows to the mobile wallet during the December quarter. Users who load money onto the Cash App can then spend it on the Cash Card. Block, then named Square, was Marqeta''s largest customer ahead of the card-issuing company''s June 2021 initial public offering. Marqeta itself announced earlier in February that it expected to top the fourth-quarter forecasts for revenue and adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) that it had offered in November.

Square-parent Block (SQ) reported December-quarter earnings, net revenue and gross payment volume that topped analyst estimates, despite growth slowing

The payments firm formerly known as Square took note of a slowdown in business in January due to the Omicron variant, but a growth recovery thus far in February.

Block''s (SQ) Q4 earnings beat analyst expectations, while revenue matched estimates. Gross payment volume also beat forecasts.

SQ stock fell as December-quarter earnings, net revenue and gross payment volume topped estimates amid the acquisition of Afterpay.

Block Inc. exceeded expectations with its latest earnings, revenue, and gross-profit numbers Thursday, but shares of the company formerly known as Square…

Block press release (SQ): Q4 Non-GAAP EPS of $0.27 beats by $0.05.Revenue of $4.08B (+29.1% Y/Y) beats by $20M.Shares -4%.There were more than 13 million Cash Card monthly actives…