Square Shares Jump After Revenue Outlook Is Hiked | Fox Business

Square Inc. shares jumped late Wednesday after the digital payments company raised its revenue guidance for the year. Square shares surged 9.2% to $11.40 in after-hours trading. The company forecast that adjusted full-year revenue will be between $655 million and $670 million, up from a previous range of $615 million to $635 million. An analyst survey by FactSet had produced a consensus estimate of $642.6 million. For the second quarter, Square reported a loss of 8 cents a share on adjusted revenue of $171 million. Analysts had estimated a loss of 3 cents a share on revenue of $157.8 million.