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Squareʻs Stock Surges After Huge Revenue Gain in Q2

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. Read More...

Squareʻs Stock Surges After Huge Revenue Gain in Q2

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.

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