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Square Reports Massive Q2 Earnings Beat, As Bitcoin Revenue Rises 600%
Square Inc SQ 13.47% beat analyst expectations in its second quarter earnings report Tuesday, as its mobile payment service Cash App netted significant profit, including from Bitcoin.
Q2 Earnings: The Jack Dorsey-led company reported an adjusted earnings per share of 18 cents in Q2, down from the 21 cents posted in the similar quarter last year.
This signficantly beat Wall Street estimates. Analysts polled by Refinitiv had estimated an average adjusted loss per share of 5 cents, as earlier reported by CNBC.
Square's net loss stood at $11.5 million, up 71.6% from last year's $6.7 million. Overall adjusted EBITDA was at $97.9 million, down 7% from 2019 Q2's 105.3 million.
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https://www.benzinga.com/news/earnings/2...-rises-600
![[Bild: jJklAUzf]](https://www.tradingview.com/x/jJklAUzf/)
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Square Reports Massive Q2 Earnings Beat, As Bitcoin Revenue Rises 600%
Square Inc SQ 13.47% beat analyst expectations in its second quarter earnings report Tuesday, as its mobile payment service Cash App netted significant profit, including from Bitcoin.
Q2 Earnings: The Jack Dorsey-led company reported an adjusted earnings per share of 18 cents in Q2, down from the 21 cents posted in the similar quarter last year.
This signficantly beat Wall Street estimates. Analysts polled by Refinitiv had estimated an average adjusted loss per share of 5 cents, as earlier reported by CNBC.
Square's net loss stood at $11.5 million, up 71.6% from last year's $6.7 million. Overall adjusted EBITDA was at $97.9 million, down 7% from 2019 Q2's 105.3 million.
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https://www.benzinga.com/news/earnings/2...-rises-600
