• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, July 14, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Square released its Q3 earning, Stock Falls amid slow growth

by Ayush Bansal
November 5, 2021
in Business, News
Reading Time: 2 mins read
0
Sqaure Inc. To Begin Offering Stimulus Loan Packages
TwitterWhatsappLinkedin

San Francisco-based Square (NYSE: SQ) announced its third-quarter earnings results at the end of September 2021. The results were reported on the financial section of the Investor relation website at investor.square.com  and filed results with the Securities and Exchange Commission.

You might also like

Jane Street Deposits Rs 4,843.5 Crore as Directed by SEBI, Allowed to Resume Trading in India

Trump’s 35% Tariff Threat Disrupts Walmart’s Bangladesh Garment Supply Chain

China’s Maglev Train Hits 404 mph, Paving Way for the Future of Ultra-Fast Travel

 

A device which allows credit card payment by inserting in audio jack

As the results came, Stocks fell by nearly 4% from 252 to 239 in the extended session on the stock market today.

However, total revenue is increased from $3 billion in the prior quarter last year and $3.8 billion in this corresponding quarter. Also, the company’s gross profit increases by around 43%  from last quarter to $1.13 billion but misses the estimate of $1.15 billion, according to the company.

“Consolidated gross profit missed by 2% on a largely-expected 5% miss in the Cash App,” said Jefferies analyst Trevor Williams in a report.

Square stated that the net revenue jumped from $3 billion to $3.84 billion as more Cash App users are bought and sold the infamous cryptocurrency Bitcoin. The net revenue is 43% up on a year-on-year basis.

The company also made an announcement that Cash App would be available for teens also for ages 13-17, which was only available for 18 plus only previously.

The adjusted EBITDA for this quarter is $233 million, which was $181 million in the last corresponding quarter. The net income per share on the diluted basis for this quarter is 37 cents per share vs 34 cents per share for the last respective quarter.

 

About The Company

Square Inc. (NYSE: SQ) is an American financial service and digital payment service firm which is situated in San Fransico, California. It was founded by Jack Dorsey, also founder and CEO of Twitter and McKelvey, and launched back in 2010. Since 2015, It has been trading on New York Stock Exchange as a public company. Today company’s market capitalization is over around $100 billion.

Their Servies and products are related to digital finance like their first firm product is Square reader which connects to the audio headphone jack and allows credit card payment. As such their many services like allowing merchants to issue virtual gifts-card in the way back to 2012. In 2014, Square launches Square Capital, which allows merchants to take business finances by using their services.

In 2015, the company launched a payroll system called Square Payroll, this tool helps small businesses to manage and process the payroll for their employees.

 

 

Tags: BusinessFinance Technology
Tweet54SendShare15
Previous Post

Kerala man orders passport cover from Amazon; receives original passport of someone else along with it

Next Post

Paytm may consider Bitcoin offerings if India legalizes crypto

Ayush Bansal

Recommended For You

Jane Street Deposits Rs 4,843.5 Crore as Directed by SEBI, Allowed to Resume Trading in India

by Rounak Majumdar
July 14, 2025
0
Jane Street Deposits Rs 4,843.5 Crore as Directed by SEBI, Allowed to Resume Trading in India

Jane Street, the global proprietary trading giant based in New York, has made headlines in the Indian financial markets by depositing Rs 4,843.5 crore into an escrow account...

Read more

Trump’s 35% Tariff Threat Disrupts Walmart’s Bangladesh Garment Supply Chain

by Rounak Majumdar
July 14, 2025
0
Trump’s 35% Tariff Threat Disrupts Walmart’s Bangladesh Garment Supply Chain

The recent threat by U.S. President Donald Trump to impose a 35% tariff on imports from Bangladesh has sent shockwaves through the country’s crucial garment sector, with immediate...

Read more

China’s Maglev Train Hits 404 mph, Paving Way for the Future of Ultra-Fast Travel

by Harikrishnan A
July 14, 2025
0
China’s Maglev Train Hits 404 mph, Paving Way for the Future of Ultra-Fast Travel

China has reached a major milestone in its quest to revolutionize high-speed transportation. In a recent test conducted at Donghu Laboratory in Hubei Province, a magnetic levitation (Maglev)...

Read more
Next Post
Kerala man orders passport cover from Amazon; receives original passport of someone else along with it

Paytm may consider Bitcoin offerings if India legalizes crypto

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?