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Stock impact report

Square Finds "Sweet Spot" With Omnichannel Commerce [The Motley Fool]

Block, Inc. Class A, (SQ) 
Last block, inc. class a, earnings: 2/26 04:05 pm Check Earnings Report
US:NYSE Investor Relations: squareup.com/about/investors
Company Research Source: The Motley Fool
Square Finds "Sweet Spot" With Omnichannel Commerce Square's new online store looks to compete with other e-commerce platforms. Shares of payment processing company Square ( NYSE:SQ ) dropped after it reported its first-quarter earnings earlier this month, despite maintaining a torrid growth rate and raising its 2019 full-year revenue guidance. In the company's first quarter, adjusted revenue rose to $489 million, a 59% increase year over year, and adjusted EBITDA grew to $62 million, a 72% increase. Investors seemed concerned that the company's gross payment volume (GPV) grew a relatively modest 27% to $22.6 billion. For long-term investors, however, the quarter offered plenty to be pleased about, starting with Square's continued ability to introduce innovative solutions and services that build out it ever-growing ecosystem . The most obvious example of this innovation was the revamped Square Online Store, a whole new set of tools the company is offering merchants to sell their ware Show less Read more
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