==Block (XYZ) reported earnings on Thur 20 Feb 25 (a/h)

Fintech company Block (SQ) has been trading under a new ticker on the New York Stock Exchange starting Jan. 21: XYZ. 

The company, led by Twitter co-founder Jack Dorsey, has had a history of rebranding itself. In December 2021, the company rebranded and changed its name from Square to Block. 

• Sector: Technology
• Industry: Software - Infrastructure
• HQ: Oakland, California
• https://www.block.xyz

 

EARNINGS MISS: XYZ announced quarterly EPS of $0.71, missing expectations by 18.79%.

The financial services company fell short of net revenue ($6.03 billion vs. the $6.28 billion expected) and adjusted earnings ($0.71 vs. the $0.89 expected). The company, led by chairman and CEO Jack Dorsey, managed to beat on adjusted EBITDA, reporting $757 million (vs. the $741.6 million expected).

Unusual Options Activity Wed 8/2/23

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• CRWD Aug 160 calls are seeing interest with the underlying down 7% (volume: 2410, open int: 690, implied vol: ~61%, prev day implied vol: 47%). Co is expected to report earnings late August.
  
• JNJ Aug 172.5 calls (volume: 23.2K, open int: 1090, implied vol: ~21%, prev day implied vol: 18%). Health Canada authorizes TECVAYLI a First-in-class bispecific antibody for the treatment of patients with relapsed or refractory multiple myeloma. Co is scheduled to present at a conference on August 15. Co is expected to report earnings mid-October.
  

Bearish Put Activity:

• SQ Aug 72 puts are seeing interest with the underlying stock down 5% ahead of earnings tomorrow after the close (volume: 1920, open int: 260, implied vol: ~132%, prev day implied vol: 105%). 2K traded in a single transaction.
• GILD Aug 73 puts are seeing interest with the ahead of earnings tomorrow after the close  (volume: 2070, open int: 40, implied vol: ~54%, prev day implied vol: 47%).
  

Sentiment: The CBOE Put/Call ratio is currently: 0.84, VIX: (16.09, +2.16, +15.5%).
August 18 is options expiration -- the last day to trade August equity options.

==Block (SQ) reported earnings on Thur 3 Nov 22 (a/h)

 

 Block beats by $0.19, beats on revs

• Reports Q3 (Sep) earnings of $0.42 per share, $0.19 better than the S&P Capital IQ Consensus of $0.23; revenues rose 17.6% year/year to $4.52 bln vs the $4.47 bln S&P Capital IQ Consensus.
• Gross profit grew 38% year over year to $1.57 billion, up 46% on a three year compound annual growth rate (CAGR) basis. Excluding our BNPL platform, gross profit was $1.42 billion, up 25% year over year and 42% on a three-year CAGR basis.
• Cash ecosystem delivered gross profit of $774 million an increase of 51% year over year and, excluding our BNPL platform, 37% year over year.
• Cash App generated $2.68 billion of revenue and $774 million of gross profit. On a year-over-year basis, Cash App revenue and gross profit grew 12% and 51%, respectively, and on a three-year CAGR basis, Cash App revenue and gross profit grew 106% and 84%, respectively.
• Excluding bitcoin and our BNPL platform, Cash App revenue was $817 million, up 41% year over year and 73% on a three-year CAGR basis.
• BNPL platform contributed $105 million of revenue and $75 million of gross profit to Cash App in the third quarter of 2022.

Earnings this week : Oct 31 - Nov 4, 22 (wk 44)

Monday (Oct 31)

• Morning:  CNA GPN HWM NSP JELD ON PEG SAIA XPO
• Afternoon: ACHC ADUS AFL AWK AMKR ANET CAR AXNX NTB BCC CHE CINF CIVI CNO PLOW FLS GT HLIT HTLF HLF HOLX IMAX KMT KFRC LSCC LEG VAC NXPI OGS OTTR PSMT RMBS RRX RHP SBAC SON SYK TREX VRNS VNO WMB

Tuesday (Nov 1)

• Morning: ABMD AJRD AGCO AME ARCB ARNC AVA TECH BCOR BPMC BP CTLT CNP CIGI CVLT DEA ETN ECL ECVT LLY NPO EPD ETRN ESPR FOXA BEN IT HLNE HSC HAYW HSIC IDXX INCY ICPT IPGP KKR LCII LEA LDOS LGIH LPX MPC TAP MPLX MYGN NBIX NEM PFE PSX PBI PINC PACK RGEN SAFE STNG SEE SPG SIRI SOFI SUN SYY TRI BLD TRTN UBER WAB WAT WEC XYL ZBRA
• Afternoon:  AEIS AMD ABNB AYX AIG ANDE APAM AMK AIZ ATCO ATRC BTG BAND BLKB BFAM BRX CZR CWH CDLX CAKE CHGG CHK CRUS CLX CRK CNDT CACC DENN DVN EIX EA ET EXEL EXR FMC FCPT FRPT FRSH HRB THG PEAK HURN INSP INST IRTC JRVR KAI KAR LFUS LTHM MGY MTCH MCK MRCY MSTR MIR MDLZ NMIH OI OKE OSPN PAYC PUMP PRO PRU PSA RNR REZI SPNE SCI SIMO TSLX SKY SNCY SMCI UNVR UNM VRSK VRAY VOYA WU YUMC ZETA ZI

Wednesday (Nov 2)

• Morning:  ACIW ALKS ATI APO ASTE AVNS AVDX AVNT BDC EAT BR BIP CHRW GOOS CDW FUN CVE CRL CLH CVS DIN DFIN DT EDIT EMR ENOV ENTG ETR EL EXPI RACE FDP FYBR GNRC THRM HZNP HUM INGN JLL LIVN LL MLM MTRN MLCO NNN NYT DNOW ODP OMCL PARA PSN RDWR RITM ROK SABR SMG SBGI SITE SHC SHOO TEL TT TRMB TUP UTHR VSH VMC XHR YUM ZBH
• Afternoon:  TXG ACAD ALB ALGT ALL ATUS AFG AMPL ANSS APA ACA ACLS BKH BKNG BCOV CRC CPE CDAY CF CTSH CFLT CLR CXW CCRN CW ELF ESTE EBAY ECPG EPR EQIX EQH ETSY ES EVTC EVGO EVOP EVH FARO FSLY FSR FLT FTNT GFL GKOS HTGC HST TWNK HUBS HBM HPP ICLR NARI INFN IR NGVT IIPR FROG KMPR KW LHCG LSI LNC LUMN MBI  MRO MRVI MATX MET MTG MGM MKSI MC NRDS  NSA NVRO NE NUS NTR OHI ONL ORA PLMR PK PYCR PDCE PDM PAA POWI PCOR PTRA PTC QRVO QCOM QLYS QDEL RDN RPD RYN O RGNX RCII RVLV RLJ HOOD ROKU RPT RSI SRPT SIGI SITM STAA SRI RGR SUM SLF SU RUN TNDM SKT RIG TTMI TPC UDMY RARE VCYT VMEO VSTO HCC WCN WTS WERN WES WSC WK WWE YELL ZG

Thursday (Nov 3)

• Morning: FLWS GOLF ADT WMS AER AGIO APD ALIT AIMC ABC APG APTV ARW AAWW ATHM BALL BALY GOLD BHC BCE BKI BRKR CSII CARS LNG CQP CIM IMOS CI CCOI COMM COP CROX CMI CYBR DDOG DCPH DLX DEN DSEY DNB ESMT EPAM EXC FSS FIS FOCS FTDR ROCK GIL GOGO GTN GPRE HLMN HII H IDA INGR NSIT IBP NTLA ICE IDCC ITCI IRM IRWD ITRI ITT ISEE JCI K KTB KYMR LANC LNTH TREE LXP MAC MTSI MAR MDU MFA MGPI MRNA MODV MUR NKLA NVMI OGE OGN PCRX PZZA BTU MD PTON PENN DOC PNW PTLO PBH PWR REGN QSR RCL SPNS SRE SHAK SWI SPR SRCL STOR STRA TNK TPX TX TEVA THRY USPH UNIT VIRT VNT W WCC WLK WOW ZTS
• Afternoon:  ADPT ATGE AES AL ATSG ALKT MDRX AOSL ALTR AEE AMH COLD AMGN AMN APPN TEAM AVB BIGC BILL BL SQ BE MNRL CABO CMBM CDNA CVNA CE CHUY NET CDXS CGNX COIN COLL CODI ED CRSR CTVA CTRA CYRX CWK CUTR CYTK DH DRH BOOM DASH DOUG DEI DBX DXC LOCO NVST EOG EXAS EXPE FATE FRT FND FOXF FRG FNKO GDDY GPRO GDYN GH HRT HMN ICFI ILMN PODD IOVA KTOS LPI LGF.A LYV MTZ MAXR MAX MED MELI MTD MCHP MNTV MNST MSI MP NFG NKTR LASR NDLS LPRO OTEX OPEN OEC OUT PCTY PYPL PBA PEN PECO PLYA PRAA PGNY LUNG KWR QNST RMAX REG RGA RKT SGMO SDGR SEM SWKS SM SPT SPXC SBUX STEM STEP SYNA TMST TPIC TRUP TWLO OLED UPLD VTR VIAV VIR SPCE WBD WPM WW YELP

Friday (Nov 4)  

• Morning:  ACMR ADNT AMCX AXL AMRX ABR BEP CAH CBOE CNK DBRG D DKNG DUK ENB ESNT EVRG FLR FUBO GTES EAF HSY HUN IMGN TILE KOP LAMR MGA MBUU MOG.A PNM PPL PRLB QRTEA SYNH TU WPC

Square (SQ) to change its name to Block, ticker symbol will remain same for now

• Co announces that it is changing its name to Block. The Square name has become synonymous with the co's Seller business, which provides an integrated ecosystem of commerce solutions.
• The change to Block acknowledges the company's growth. Since its start in 2009, the company has added Cash App, TIDAL, and TBD54566975 as businesses, and the name change creates room for further growth.
• The legal name "Square, Inc." is expected to be legally changed to "Block, Inc." on or about December 10. The ticker symbol "SQ" will not change at this time.

 

=Square (SQ) reported earnings on Wed 1 May 2019 (a/h)

Square misses by $0.14, beats on revs; guides Q2 EPS below consensus, revs below consensus; guides FY19 EPS above consensus, revs above consensus

• Reports Q1 (Mar) loss of $0.06 per share, excluding non-recurring items, $0.14 worse than the S&P Capital IQ Consensus of $0.08; revenues rose 59.3% year/year to $489 mln vs the $479.63 mln S&P Capital IQ Consensus.
  • Gross Payment Volume $22.6 bln, +27% y/y compared to street expectations of $22.3 bln;
  • Adjusted EBITDA $62 mln, +72% y/y
  • Subscription and services-based revenue was $219 million in the first quarter of 2019, up 126% year over year.
  • Hardware revenue in the first quarter of 2019 was $18 million, up 26% year over year, driven primarily by Square Terminal
• Co issues downside guidance for Q2, sees EPS of $0.14-0.16, excluding non-recurring items, vs. $0.18 S&P Capital IQ Consensus; sees Q2 revs of $545-555 mln vs. $555.28 mln S&P Capital IQ Consensus.
  • Adjusted EBITDA in the range of $90-94 mln.
• Co issues upside guidance for FY19, sees EPS of $0.74-0.78, excluding non-recurring items, vs. $0.74 S&P Capital IQ Consensus; sees FY19 revs of $2.25-2.28 bln (Prior $2.22-2.25 bln) vs. $2.25 bln S&P Capital IQ Consensus.
  • Adjusted EBITDA in the range of $405-415 mln.

Earnings this week : April 29 - May 3, 2019 (wk 18)

Japan's Nikkei will be closed throughout the week (six sessions) for Golden Week, which will be highlighted by the start of an imperial transition.

Monday (April 29)

• Afternoon: AKS APTS ARE BRKS BRX CACC CGNX CHE CHGG CLR CNI CNO CR ELVT EPR EQC ETH GHL GOOG HLIT HTLF INST JBT JJSF KAI LEG LNTH LOGI MEDP MGM MKSI MOH MUSA NBIX NXPI OGS OII OMF PCH PI RGA RIG SANM SBAC SSB SSD SXI TBI THC TNET TRTX TXRH VRNS WDC WRI WWD YUMC

Tuesday (April 30)

• Morning: AMRC AOS APRN ARCC ARNC AROC BHGE LSE:BP. CCEP CDK CEQP CHTR CMI CNX CNXM COP CRI CRTO CVLT DBD EAT ECA ECL EEFT EIGI EME EQM ETM ETN EXLS FDC FDP FIS FLWS GDI GE GEO GLDD GLT GLW GM GWR HCA HMST HUBB HUN I INCY IPGP IPHS IR KKR LDOS LH LL LLY LOVE LPT MA MCD MCRN MDSO MGP MLM MRK NEO NLSN NYCB OSK PCAR PFE PSX PSXP R RFP SABR SC SCL SF SHOP SMP SPG STX TECH THRM TNC TRS TRTN TTS VIVO WCG WDR WELL WH WRK ZBRA
• Tuesday: AAPL ACGL ACHC ADSW AKAM AMD AMED AMGN APAM ARLO ASH ATR AX BFAM BLKB BVN BXP CAI CAMP CB CBL CENX CHRW CMP COHR CRY CWST CXO CYH DENN DVN EIX ENLC ENPH EQR EXAS EXR FEYE FICO FISV FLEX FOE FTR GNW GRPN HCSG HUBG HURN HVT HY IPHI JKHY KBR LDL LKSD LSCC MC MDC MDLZ MDU MGRC MRCY MSTR MX MXIM NANO NATI NBR NEXA NUS OFC OKE OLN OSIS PAYC QTS QUAD REXR ROG RPAI RRD RRR SOI SSNC STAG SYX TCO TDOC TENB TEX TNDM TWLO UDR UNM USNA VNOM VRSK VRTX WES WIRE WNC ZEN

Wednesday (May 1)

• Morning: AAWW ADP AER ALNY AMCX AME AMRN ASC BDC BKI BMCH BTU CCJ CDW CG CIM CLH CLX CME CSTE CVS DIN DOC EAF EL ENBL EPD ESI ETR EXTR FTS GCI GIB GRMN HEP HLT HRS HUM IDXX IIVI IQV JCI KFRC LFUS LIVN LLL LXRX MGPI MMP MTOR NI NNN NRZ NSIT NVMI ORBC PBF PBFX PBI PNW RCL RDN RDWR SAIA SBH SEE SFS SITE SLCA SMG SO SPR SR ST STRA SXT TAP TKR TMHC TPB TRVG UFS UTHR WD WLTW WYND YUM

• Afternoon: ACAD AEGN AEL AFG AGI ALL AM ANSS APA AR AUY AWK AYX BLDP BNFT BWXT CACI CAKE CAR CASA CCRN CDAY CDE CF CHEF CLI CMPR CONE CPS CREE CRUS CSGS CZR DLB DOOR DXCM EB EQIX ES ESV EVTC EXEL EZPW FARO FIT FIVN FORM FOXF GIL H HABT HCC HCP HGV HI HIG HOLX HR HST ICLR INN INOV KAMN KW LMAT LNC LPI LSI MAA MANT MED MET MFC MITK MRO MTDR MXL MYRG NE NGVT NLY NPO NUVA O OI OTEX PDCE PDFS PDM PE PGRE PPC PRAH PRU PS PSA QCOM QLYS RGLD RPT RYI RYN SIGI SM SQ SRI SSW STAY SU SWM THG TRMB TTEK TTMI TUSK TYL VICI VNDA VVV WHD WK WLL WMB WPX WTI XPO ZNGA

Thursday (May 2)

• Morning: AAON ABC ABMD ACCO ACOR AGCO AGIO ALE APO APTV ARES ARW AVA AVP AYR BCE BERY BID BLL BSIG CBM CCOI CHD CI COT CRAI DAN DISC.A DLPH DNKN DNOW DWDP EEX EXC FLR FLOW FMS FSS GEL GNRC GPN HBI HFC HII HPP HRI IBP ICE IDA IDCC INGR IRWD ITGR JHG K KEX KIM LAMR MAC MD MGLN MNTA MPW MSCI MSGN MTRN MUR NEWM NRG NTCT NTLA NVCR OGE ONDK PCRX PEG PENN PGTI PH PPL PRFT PWR RDS.A RLGY SAGE SFM SNDR SPAR SPGI SRC SSYS STAR STFC STNG STOR TEVA TFX THS TOWR TPX TX UAA UNT USPH VMC W WCC WEX WLH WLK WLKP WP XHR XYL YETI ZEUS ZTS
• Afternoon: ACA ACIA AIV ALEX AMH AMKR AMN ANET ANIK AOSL APPF APPN ARCB ATGE ATUS ATVI BAND BGS BKH BL BLDR BRKR BZH CARB CATM CBLK CBPX CBS CC CCS CNXN CPSI CPT CRC CSLT CTSH CUB CYRX DATA DEI EBS ECOL ED EOG EPAY ERI ERII EXPE FLS FND FNKO FRT FSLR FTAI FTNT G GDDY GILD GMED GPOR GSHD HAYN HLF HTGC ICFI KLIC KWR LGND LNT LOCO LPLA LPSN LYV MATW MDRX MELI MERC MNST MPWR MRC MSI MTX MTZ NFG NP NPTN NSA OEC OLED PBA PCTY PLNT PMT PODD POST PTCT PVG RBBN REG RMAX RMD RPD SEM SHAK SHLX SIMO SPXC SRCL SWKS TDC TDS TMST TRUP TS TSE TSLX TTOO UCTT UIS UPLD USM USX VIAV VRAY WAIR WSC WTR WTS WW WYNN X XOG ZIXI

Friday (May 3)

• Morning: AMT ASIX AXL BCPC BIP CBOE D DISH ESNT FCAU GLOG HMSY IMGN ITT KOP NBL NJR NWL OPI ROCK RUTH SGMS TRP TWI VIRT WPC XRAY

=Square (SQ) reported earnings on Wed 27 Feb 19 (a/h)

Square beats by $0.01, beats on revs; guides Q1 EPS below consensus, revs in-line; guides FY19 EPS above consensus, revs in-line

• Reports Q4 (Dec) earnings of $0.14 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of $0.13; revenues rose 64.0% year/year to $464 mln vs the $453.88 mln S&P Capital IQ Consensus.
  • Transaction-based revenue was $668 million in the fourth quarter of 2018, up 27% year over year
  • Subscription and services-based revenue was $194 million in the fourth quarter of 2018, up 144% year over year
  • Hardware revenue in the fourth quarter of 2018 was $18 million, up 51% year over year, driven by Square Terminal, which commenced shipment in November 2018, as well as Square Register and third-party peripherals.
• Co issues guidance for Q1, sees EPS of $0.06-0.08, excluding non-recurring items, vs. $0.11 S&P Capital IQ Consensus; sees Q1 revs of $472-482 mln vs. $473.94 mln S&P Capital IQ Consensus.
• Co issues guidance for FY19, sees EPS of $0.74-0.78, excluding non-recurring items, vs. $0.71 S&P Capital IQ Consensus; sees FY19 revs of $2.22-2.25 bln vs. $2.25 bln S&P Capital IQ Consensus.

Earnings this week : Feb. 25 - March 1, 2019 (wk 9)

Earnings confirmed to report this week:

Monday (Feb 25)

• Morning: PLAN AWI CRI DORM KOS MDR TEN
• Afternoon:  ALSN APLE APTS ATH AWR BWXT CDEV CORT CRZO DDS  DRH ELGX EPR ETSY EVER FBM FRAC FRGI GSM HNI HTZ IMMU JBT KAMN KBR LDL LSI MEDP MOS NGHC NLS OFIX OKE PBPB PEB PLOW PODD QTS RCII RP RRC SHAK SNHY SYKE THC TRTX TWOU XENT

Tuesday (Feb 26)

• Morning:  AMWD ATHM AVNS AZO BCC BLD BMO BNS BPMC CBRL CLVS DISCA DSX FCN HD LGIH LNG M MNK NCI NXST PRFT RHP RLGY SAFM SDRL SERV SFL SJM SPNS SRE SSTK TA TLRA TPH TREE TRI TRXC USCR VCEL VSI WP WYND XHR
• Afternoon:  AAXN ACAD AKCA ARNA AXGN BGS BNFT CERS CGBD CIR CLGX CPE CSGP CW DRQ DVAX ELF ENPH EOG EVH FOXF FRPT FTR GWPH HEI HPR HURN HY ICFI IMAX IMMR INGN INN INSP JAZZ JBGS MASI MED MELI MGRC MMSI MTDR MYL NBR OAS ORA OUT PANW PEN PLNT PSA PUMP PZZA RRD RRGB RTRX SE SUPN SYX TIVO TNDM TOL VEEV WLL WMGI WTTR WTW

Wednesday (Feb 27)

• Morning:  AES AMRN AMT ANIP BBY CHK CLH CPB DF DNR DOC DY EYE FTDR GCP GTE HMLP HPT HZNP IONS LIVN LOW LXP MDCO MGPI MIDD NEWM NOVT OCN ODP PEG PGTI PNM RDC SBGI SHOO TAST TJX UTHR WAAS 
• Afternoon:  AEGN ALEX AMED ANSS APA ATSG AYX BEL BGNE BILI BKNG BOLD BOX CABO CCRN CHDN COLL CRC CVNA CWK DAR ECPG ERI ESTC ESV FG FIT FOE FTAI FTSI GEF GKOS HGV HHC HPQ ITRI KRA KW LADR LB LHCG MNST NNI ORBC PDCE PK PRAH PRGO PRSC QRTE.A SEMG SJI SOI SQ SRI SRPT STAY SWX TDOC TPC TROX TWNK UHS WIFI WING WTI XLRN

Thursday (Feb 28)

• Morning: AAON ABB ACIW AKRX AMCX AMRX BCPC BID BMCH BPMP BUD CARS CM CMD CNP CRAI CROX CWEN CWT DAVA DEA EGRX ENDP EXLS FOLD FRO FSS GOLF GTN GTS GTT HMHC HRI IBP ICPT IRDM JCP JD KDP LAUR LKQ MGLN MYE NLSN NOMD NRG OPI OXSQ PCRX PDCO PRIM PRTY SEAS SPAR STWD SYNH TD TRS TTI VAC VRTV VST
• Afternoon:  DDD ACHC AIMT ALRM AQN ALTR AMBC AMC APPF AGO ATRC ADSK EQH BIO BLDR CARG CSLT CISN SCOR DELL DCO EIX EDIT FTCH FNKO GCAP GPS GSBD HABT ICUI XON JAG KTOS LYV MAIN MAR MTZ MAXR MBI NKTR NPTN JWN NTNX PLYA PRAA PTCT PBYI PSTG KWR RDUS RBA RLJ SGMO SRG SWN SPPI SPLK SRCL RUN TRHC TCMD TERP TPIC UPWK VMW WDAY ZIXI ZGNX ZS WUBA 

Friday (March 1)

• Morning:  ASTE CLNY CORE XRAY EBIX FL KOP NWN PEGI PTLA SSP SNH STRA TGNA TRCO 

******

• Monday: December Wholesale Inventories (Briefing.com consensus 0.4%; prior 0.3%) at 10:00 ET; $40 bln 2-yr Treasury note auction results at 11:30 ET; and $41 bln 5-yr Treasury note auction results at 13:00 ET
• Tuesday: December S&P Case-Shiller Home Price Index (Briefing.com consensus 4.5%; prior 4.7%) at 8:00 ET; December Housing Starts (Briefing.com consensus 1254K; prior 1256K) and Building Permits (Briefing.com consensus 1290K; prior 1328K) at 8:30 ET; December FHFA Housing Price Index (prior 0.4%) at 9:00 ET; February Consumer Confidence (Briefing.com consensus 125.0; prior 120.2) at 10:00 ET; and $32 bln 7-yr Treasury note auction results at 13:00 ET
• Wednesday: Weekly MBA Mortgage Index (prior 3.6%) at 7:00 ET; January Advance Intl. Trade in Goods; Advance Retail Inventories; and Advance Wholesale Inventories at 8:30 ET; December Factory Orders (Briefing.com consensus 1.0%; prior -0.6%), Fed Chair Powell Semi-Annual Monetary Policy Testimony, and January Pending Home Sales (Briefing.com consensus -0.4%; prior -2.2%) at 10:00 ET; and Weekly EIA Crude Oil Inventories (prior +3.7M) at 10:30 ET
• Thursday: Q4 GDP - Advance (Briefing.com consensus 2.3%; prior 3.4%), Q4 GDP Deflator - Advance (Briefing.com consensus 1.7%; prior 1.8%), weekly Initial Claims (Briefing.com consensus 221K; prior 216K), and Continuing Claims (prior 1725K) at 8:30 ET; February Chicago PMI (Briefing.com consensus 57.5; prior 56.7) at 9:45 ET; and weekly EIA Natural Gas Inventories (prior -177 bcf) at 10:30 ET
• Friday: December Personal Income (Briefing.com consensus 0.3%; prior 0.2%), Personal Spending (Briefing.com consensus -0.2%; prior 0.4%), and January Personal Income (Briefing.com consensus 0.3%) at 8:30 ET; February ISM Manufacturing Index (Briefing.com consensus 56.0; prior 56.6), and Final February Michigan Consumer Sentiment (Briefing.com consensus 95.6; prior 95.5) at 10:00 ET

-=Square (SQ) reported earnings on Wed 7 Nov 2018 (a/h)

Square beats by $0.02, beats on revs; guides Q4 EPS below consensus, revs above consensus

Reports Q3 (Sep) earnings of $0.13 per share, excluding non-recurring items, $0.02 better thanthe S&P Capital IQ Consensus of $0.11; revenues rose 67.7% year/year to $431 mln vs the $414.19 mln S&P Capital IQ Consensus.

• Transaction-based revenue was $655 million in the third quarter of 2018, up 29% year over year. Transaction-based profit as a percentage of GPV was 1.07% in the third quarter of 2018, compared to 1.05% in the third quarter of 2017.
• Subscription and services-based revenue was $166 million in the third quarter of 2018, up 155% year over year. Subscription and services-based revenue excluding the acquisitions of Weebly and Zesty was $141 million, up 117% year over year.
• Hardware revenue in the third quarter of 2018 was $18 million, up 74% year over year, with continued growth from Square Register, Square Reader for contactless and chip, Square Stand, and third-party peripherals.

Co issues mixed guidancefor Q4, sees EPS of $0.12-0.13, excluding non-recurring items, vs. $0.15 S&P Capital IQ Consensus; sees Q4 revs of $446-451 mln vs. $438.54 mln S&P Capital IQ Consensus. 

=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.

=Square (SQ) reported earnings on Wed 3 May 2017 (a/h)

May 3 (Reuters) - Payments company Square Inc, reported a smaller-than-expected quarterly loss on Wednesday and raised its earnings forecast, as customers processed more transactions through its technology and it extended the reach of its services.

The San Francisco-based company, led by Twitter Inc Chief Executive Jack Dorsey, posted a quarterly loss of 4 cents per share, on revenue of $461.55 million.

Analysts on average had expected a loss of 8 cents per share on revenue of $450.7 million, according to Thomson Reuters I/B/E/S.

Square's shares were up more than 5 percent at $19.30 in after-hours trading.

Square's technology allows small and medium sized businesses to accept credit card payments on mobile devices. The product has become popular because it helps small merchants and self-employed professionals complete credit card transactions without a cash register or expensive software.

The company, which went public in 2015, has been seeking to diversify its revenue stream by attracting larger merchants and expanding into new businesses, from lending to food delivery.

The company's gross payment volume - the total dollar amount of all card payments processed by sellers - jumped 33 percent to $13.65 billion.

Square raised its 2017 total revenue forecast to $2.12 billion-$2.16 billion from $2.09 billion-$2.15 billion.

The company has also been expanding overseas.

In March, Square made its foray in the United Kingdom, where it estimates around half of local small businesses still do not take card payments.

Square faces competition from startups offering similar services in Europe including the UK's SumUp, which is backed by Groupon Inc, and Sweden’s iZettle.

"We've seen a lot of imitation," Dorsey said, on a call with analysts on Wednesday. "We're very proud that we continue to invent and others follow and we can't just rest on those laurels."

Outside the United States, Square operates in Canada, Japan and Australia.

Chief Financial Officer Sarah Friar said the company had an edge on competitors in the UK because it had launched with a range of services alongside payments, such as software to issue invoices and analytics tools.

"We bring a lot of the learning from markets like the U.S. and Australia as we go to the UK," Friar said.

The company also highlighted growth in its food delivery business Caviar, with order volume in the first quarter more than doubling year over year.

Square Capital, the company's business which offers loans to customers in exchange for a fixed percentage of their daily card sales, originated $251 million in loans the first quarter of 2017, up 64 percent from a year earlier.

Its invoice business saw users grow to 225,000, the largest ever quarterly growth for the product.

Operating expenses fell about 10 percent to $187.51 million.

Square (SQ) reported earnings on Wed 22 Feb 2017 (a/h)

** charts before earnings **

 

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The San Francisco-based company, which is run by Twitter Inc Chief Executive Jack Dorsey, posted a quarterly loss of 4 cents per share on revenue of $452 million.

Square beats by $0.04, beats on revs; guides Q1 EPS above consensus, revs in-line; guides FY17 EPS above consensus, revs in-line :

• Reports Q4 (Dec) loss of $0.05 per share, $0.04 better than the Capital IQ Consensus of ($0.09); revenues rose 42.7% year/year to $191.9 mln vs the $187.35 mln Capital IQ Consensus.
  • Gross Payment Volume (:GPV) for the fourth quarter was $13.7 billion, up 34% year over year.
• Co issues guidance for Q1, sees EPS of $0.00-0.02 vs. ($0.10) Capital IQ Consensus Estimate; sees Q1 revs of $190-193 vs. $191.57 mln Capital IQ Consensus Estimate.
• Co issues guidance for FY17, sees EPS of ($0.24)-($0.20) vs. ($0.29) Capital IQ Consensus Estimate; sees FY17 revs of $880-900 mln vs. $893.66 mln Capital IQ Consensus Estimate.
• "Our 2017 guidance reflects plans to continue investing in scaling our business, balanced by our ongoing commitment to margin expansion. As a reminder, our business is subject to certain seasonal trends. Historically, the first quarter is our slowest in terms of sequential growth of transactionbased revenue."
• "Additionally, we do not expect to see Starbucks transaction-based revenue going forward, which will have a negative impact on year-over-year growth in total net revenue in 2017. Lastly, hardware revenue in the first quarter of 2016 was elevated due to the fulfillment of the majority of pre-orders for our contactless and chip reader during the period. As a result, year-over-year hardware revenue growth for the first quarter and full year of 2017 will be more moderate relative to prior periods."
• "Sustained GPV growth is a result of our ability to efficiently add new sellers to Square and provide them with the tools they need to grow. We saw strong growth across our products, with revenue growth driven by both transaction-based and subscription and services-based monetization efforts. We maintained a payback period of 4 to 5 quarters for our seller acquisition costs and a positive dollar-based retention rate, which together underscore our ability to grow this revenue profitably. Additionally, we increased operating efficiency and continued to make improvements in transaction losses. We are carrying this momentum into 2017 by thoughtfully balancing margin expansion and our investments in growth."

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

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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.