Square (SQ) reported earnings Wed 3 Aug 2016 (a/h)

** charts before earnings **

 

** charts after earnings **

** 2 weeks later **

Square beats by $0.04, beats on revs; guides Q3 revs above consensus; guides FY16 revs above consensus  :

• Reports Q2 (Jun) loss of $0.08 per share, $0.04 better than the Capital IQ Consensus of ($0.12); revenues rose 54.1% year/year to $171 mln vs the $157.88 mln Capital IQ Consensus.
• In 2Q16, it processed $12.5 bln in GPV, an increase of 42% from 2Q15. New-seller growth made up the majority of its GPV increase, while positive dollar-based retention from existing sellers also had a meaningful impact.
• Co achieved positive EBITDA of $13 mln.
• Extended $189 mln in Square Capital, up 123% year over year and 23% sequentially.
• Co issues upside guidance for Q3, sees Q3 revs of $167-$171 mln vs. $164.19 mln Capital IQ Consensus Estimate. Expects Adjusted EBITDA of $5-$6 mln.
• Co issues raises guidance for FY16, sees FY16 revs of $655-$670 mln, up 6% at the mid-point of its prior guidance, and vs. $641.98 mln Capital IQ Consensus Estimate. SQ expects Adjusted EBITDA to be in the range of $18-$24 million, up from its previously guided range of $8-$14 mln.