=Square (SQ) reported earnings on Wed 2 May 2018 (a/h)

Square beats by $0.01, beats on revs; guides Q2 EPS below consensus, revs above consensus; guides FY18 EPS in-line, revs above consensus 

• Reports Q1 (Mar) earnings of $0.06 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.05; revenues rose 50.5% year/year to $307 mln vs the $293.07 mln Capital IQ Consensus.
  • Co processed $17.8 billion in GPV, up 31% year over year.
  • Adjusted Revenue in the first quarter of 2018 includes $0.2 million related to bitcoin.
• Co issues mixed guidance for Q2, sees EPS of $0.09-0.11, excluding non-recurring items, vs. $0.12 Capital IQ Consensus Estimate; sees Q2 revs of $355-360 mln, excluding non-recurring items, vs. $334.56 mln Capital IQ Consensus Estimate.
• Co issues guidance for FY18, sees EPS of $0.44-0.48, excluding non-recurring items, vs. $0.45 Capital IQ Consensus Estimate; sees FY18 revs of $1.4-1.43 bln, excluding non-recurring items, vs. $1.35 bln Capital IQ Consensus Estimate.