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Square earnings Q2 2017


Traders work the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 19, 2015.

Yana Paskova | Bloomberg | Getty Images

Traders work the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 19, 2015.

Square shares climbed in after hours following the company reporting second-quarter results that bested analyst expectations.

Here’s how the company did compared to what Wall Street expected:

  • Loss per share: 4 cents vs. 5 cents, according to Thomson Reuters consensus.
  • Revenue: $552 million vs. $536.3 million, according to Thomson Reuters consensus.

The payment processing company is up more than 96 percent year-to-date, and over 160 percent over the past year. Square hit an all-time intraday high of $27.97 on July 27.

In late July, the Jack Dorsey-led company announced that Shake Shack CEO Randy Garutti will be joining its board of directors.

The technology company, which directly competes with PayPal’s Venmo and Apple’s peer-to-peer payments services, is a favorite for small businesses who often use Square readers to complete their transactions.

This is breaking news. Please check back for updates.

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