Square dumped food-delivery service Caviar earlier this year. Now it’s boosted its profit forecast on the heels of strong earnings.
|11/07/2019||Posted by BusinessMediaguide.Com under General World News||
- Square stock jumped as much as 2.3% early Thursday after the digital payments company beat Wall Street’s estimates for third-quarter earnings and revenue.
- The company also adjusted its full-year revenue forecast higher, both with and without the impact of the $410 million sale of its Caviar business to DoorDash.
- Square’s Cash app introduced equities trading and partial share ownership in the third quarter. CEO Jack Dorsey praised the service as an “introduction to financial services” during a Wednesday earnings call.
- Watch Square trade live here.