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Square meter profit Top estimates, stock drop on weak 2019 guidance



Quarterly revenue and revenue for the fourth quarter, reported late Wednesday, peaked analyst estimates. But the Square share fell after hours as guidance in 2019 adjusted EBITDA earnings before interest, taxes, depreciation and losses – lost estimates among higher investments.




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The digital payment processor said adjusted earnings were 14 cents per share, up 75% from a year ago, with revenues of 64% to $ 464 million, including acquisitions. A year earlier, Kvadrat (SQ) profit was 8 cents a share of sales of $ 283 million.

Analysts expected quarterly revenue of 13 cents on sales of $ 454 million for the period ended December 31. equities fell 4.8% to 75.53 in demand trading on the stock market today.

The fourth quarter adjusted EBITDA square increased 97% to $ 81 million. It peaked at $ 79 million.

Square Guidance Light

For budget 2019, Square revenue expected to be between $ 2.22 billion and $ 2.25 billion, and profits of 76 cents at the center of guidance.

Analysts had expected earnings of 70 cents a share of revenue of $ 2.25 billion.

Square said it expects EBITDA in the range of $ 405 million to $ 415 million. There was no estimate of $ 420.5 million.

San Francisco-based Kvadrat's credit card readers connect to cell phones and tablets. It has been investing in new products and services.

Square Brings In New CFO

Much of the growth has come from Square Capital, which offers small business loans and cash development. Square has refiled with federal regulators to open a deposit bank.

Square share struck a full-time intraday high at 101 on October 1 and then swooned on departure by its finance director.

The company in early January brought in Amrita Ahuja, former practitioner of Activision Blizzard (ATVI), as his new finance director. The quarterly revenue interview will be Ahuja's first with the company.

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