Square Issues Weak 1Q Earnings Guidance; SQ Shares Plummet

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The company is estimating its adjusted EBITA to be around $47 million to $51 million, net loss to between $0.12 and $0.10 per share, and adjusted earnings of around $0.06 to $0.08 per diluted share.

Wall Street analysts are expecting Square to achieve $0.11 in earnings per share in the first quarter of 2019

For the full-year 2019, Square is predicting to deliver total revenue of around $4.35 billion to $4.41 billion. It is anticipating its adjusted revenue to be in the range of $2.22 billion to $2.25 billion.

The company is expecting its adjusted EBITDA to be around $405 million to $415 million. It is anticipating a net loss between $0.05 and $0.01 per share, and adjusted earnings of around $0.74 to $0.78 per share.