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Posts Tagged ‘square’

Square reports Q1 sales of $489M, up 59%, but net loss widens to $38M

After Square issued weak guidance in Q4, all eyes were on the payments company to see what kind of growth it really had in Q1. Results reported today underscored some of the challenges the company is facing. Square’s adjusted revenues were $489 million, up 59 percent year-on-year, with adjusted earnings per share of $0.11. Both figures beat analysts’ estimates. ...

WashU announces donation from Square co-founder to grow engineering school

Washington University in St. Louis (WashU) announced today that its engineering school received its largest single donation in history. The donation was offered by Square co-founder and WashU alumni Jim McKelvey, for whom the school will be renamed, from the School of Engineering & Applied Science to The James McKelvey School of Engineering. WashU did ...

A new Square debit card makes it easy for businesses to spend their Square revenue

Square is announcing a new debit card, called the Square Card, which will allow businesses to withdraw and spend the money they’re bringing in through Square payments. In a conference call with reporters, the company laid out a number of benefits that the card should offer to Square sellers. The big one: It could help ...

Square launches its in-app payments SDK

Square today announced the launch of its in-app payments SDK that allows developers to build Square-powered payments right into their mobile apps. While Square remains best known for its offline payments solutions that grace virtually ever independent coffee shop and quirky corner store, the company has long offered APIs for taking online payments on the ...

Despite a strong Q3 earnings report, Square’s Q4 forecast disappoints investors

Despite a strong third-quarter earnings report, Square’s forecast for the final quarter of this year gave investors pause, sending its share price down 6 percent in after hours trading before it gradually climbed up again. Square’s adjusted revenue grew 68 percent year-over-year to $431 million, beating expectations from analysts polled by Refinitiv (formerly the financial ...

Square details compensation and promotion practices

When tech companies explore diversity and inclusion initiatives, there’s a risk that marginalized groups may feel “othered” and reduced to a number. That’s what Square has found, the company revealed in the first of a series of posts on Square’s diversity and inclusion efforts. So instead of emphasizing demographic data, Square is taking a new approach that ...