and to match the synchronised disclosure, Square also pre-announced their results today too…
https://seekingalpha.com/pr/18417122-square-inc-announces-se…
Square (NYSE:SQ): Q2 Non-GAAP EPS of $0.66 beats by $0.35; GAAP EPS of $0.40 beats by $0.45.
Revenue of $4.68B (+143.8% Y/Y) misses by $370M.
Q2 gross payment volume increased 29% from the previous quarter as the Seller and Cash App ecosystems continue to gain traction.
Q2 gross payment volume of $42.8B, up from $33.1B in Q1 and $22.8B in Q2 2020.
Cash App reached 40M monthly transacting active customers in June.
The company released its Q2 earnings early in conjunction with its planned $29B acquisition of Afterpay.
Shares -0.5% AH.
This is going to leave me with a combined holding of 13% which I am going to need to manage down whatever I feel about the virtues of the acquisition.
Ant