UPDATE 2-Square 3rd-qtr profit forecast falls short on higher Cash App spending
Square Inc forecast third-quarter
profit below analysts’ estimates on Thursday as it spends
heavily on its Cash App business to catch up with rivals such as
PayPal Holdings Inc’s Venmo, sending its shares down 7%
in extended trading.
profit below analysts’ estimates on Thursday as it spends
heavily on its Cash App business to catch up with rivals such as
PayPal Holdings Inc’s Venmo, sending its shares down 7%
in extended trading.
Posted by Reuters