Square: 1Q Earnings Snapshot

On a per-share basis, the San Francisco-based company said it had a loss of 6 cents. Earnings, adjusted for one-time gains and costs, were 6 cents per share.

The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The mobile payments services provider posted revenue of $668.6 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $623.8 million.

For the current quarter ending in July, Square said it expects revenue in the range of $740 million to $760 million.

The company expects full-year revenue in the range of $3 billion to $3.06 billion.

Square shares have risen 40 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $48.66, more than doubling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SQ at https://www.zacks.com/ap/SQ