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Square (SQ) earnings Q2 2020

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Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018.

Anushree Fadnavis | Reuters

Shares of Square soared on Tuesday evening after posting better-than-expected quarterly results and strong growth in its consumer payments app.

The San Francisco-based company reported $1.92 billion in net revenue for the second quarter — a 64% jump year over year. Adjusted earnings per share came in at 18 cents, far better than the 5 cent loss analysts polled by Refinitiv had expected. Square’s net loss for the quarter was $11 million on a GAAP basis.

The stock jumped as much as 11% in after-hours trading, and has…



Source cnbc.com

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