Square Inc. investors may have to adjust to a new reality. Shares of the payments company (SQ) were down 8% in Thursday morning trading after Square beat on its financial metrics but delivered a disappointing outlook for the current period. The latest outlook, and Square’s selloff, has Bernstein analyst Harshita Rawat wondering whether the stock can “work without meaningful positive revisions,” or the sort of upbeat forecasts that helped drive shares higher in recent quarters. Read More...
Square stock falls on weak outlook questions about payment-volume growth
Square Inc. investors may have to adjust to a new reality. Shares of the payments company (SQ) were down 8% in Thursday morning trading after Square beat on its financial metrics but delivered a disappointing outlook for the current period. The latest outlook, and Square’s selloff, has Bernstein analyst Harshita Rawat wondering whether the stock can “work without meaningful positive revisions,” or the sort of upbeat forecasts that helped drive shares higher in recent quarters.
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