Why Square Shares Are Falling

Loading...
Loading...

Shares of companies in the broader tech space, including Square Inc SQ, are trading lower as weakness in Snap Inc SNAP and Intel Corporation INTC following quarterly earnings weighs on the sector.

Snap reported quarterly sales of $1.07 billion which missed the analyst consensus estimate of $1.10 billion by 3%. Intel reported quarterly sales of $18.10 billion which missed the analyst consensus estimate of $18.24 billion by 1%.

Square provides payment acquiring services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. Square has operations in Canada, Japan, Australia and the United Kingdom. About 5% of Square's revenue is generated outside the U.S.

Square has a 52-week high of $289.23 and a 52-week low of $151.10.

Posted In: Newswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...