2020 has seen a market trouncing performance from fintech player Square (SQ). Since hitting the skids in mid-March with the price dropping to $38.09, shares have appreciated by an enormous 285%.The latest uptick came after Square’s Q2 earnings report blew the estimates out of the water. The banking industry disruptor generated revenue of $1.92 billion, indicating year-over-year growth of 64.1% and handily beating consensus by $790 million. Non-GAAP EPS of $0.18 came ahead of the estimates by $0.22.Although gross payment volume – a key metric – declined by 15% from the same period last year to $22.8 billion, the figure …read more
Source:: Yahoo Finance
