Square Beats Estimates, Showing It's More Than Payments
- Company raises forecast for full-year revenue and profit
- Gross payment volume increased 31 percent from year earlier
Photographer: : Jin Lee/Bloomberg
This article is for subscribers only.
Square Inc. is proving its payments services are just as valuable to merchants with multiple stores as they are to street vendors looking for a way to accept credit cards.
Those larger merchants are increasingly turning to Square for simple ways to process transactions and manage their businesses, helping the company post earnings that exceeded analysts’ projections and raise its full-year forecast.